Still Reeling From $54 Million Bitcoin Hack, Binance Sues Sequoia Capital

Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital.

In his May 20 legal filing with the High Court in Hong Kong, Zhao claims Sequoia Capital China prevented him from raising capital between Dec. 27, 2017 and March 1, 2018 at the height of the bitcoin bull market.

Moreover, Zhao claims Sequoia damaged his reputation. Zhao did not respond to repeated requests for comment from CCN about his claims.


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