TechFlow news — On July 15, Binance founder CZ released a six-year anniversary open letter. In the letter, he stated that Binance's growth has not been without challenges. Previously, a potential venture capital firm filed a lawsuit against us. The legal battle lasted several years, and we ultimately achieved a complete victory. Several years after the case concluded, at our invitation, this former opposing party became a limited partner in the second fund of Binance Labs. I'm happy to say that to this day, we still maintain a good relationship, and most issues can be resolved.
It is reported that Sequoia Capital once filed a lawsuit against Changpeng Zhao in Hong Kong in 2018, accusing him of contacting IDG Capital during negotiations, thereby breaching an exclusivity agreement.
