Hong Kong: Coinbase Founder Sued By Sequoia Capital

Cryptocurrnecy Exchange Market News

According to the report, the owner of the world’s largest cryptocurrency exchange, Binance, Zhao Chang Peng has been sued by Sequoia Capital over funding deal went awry. The court filings stated that a negotiation has started between Zhao and Sequoia regarding the deal that would have given Sequoia approximately 11% stake and valued Binance almost $80 million.

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