Former Binance CEO Changpeng "CZ" Zhao is preparing to sue US Senator Elizabeth Warren for alleged defamation.
Warren claimed that CZ
bribed Donald Trump for a pardon and pleaded guilty to money laundering—claims his legal team says are false.
At the same time, Zhao warned investors not to buy a new "CZ Statue" meme coin that was launched in his likeness, calling it a
cash grab.
Author's summary: CZ sues Senator Warren over defamation claims.