Binance invests $200m in Forbes
In a statement, Binance CEO Changpeng Zhao said: “As Web 3 and blockchain technologies move forward and the crypto market comes of age we know that media is an essential element to build widespread consumer understanding and education."However, amid concerns about conflict of interests at the publication, he later took to Twitter to insist that "Forbes editorial independence is and will always be sacrosanct".The multi-billionaire added that the investment is to "help them build Web3 infrastructure in the coming years".Last year, Binance dropped a lawsuit against Forbes and two of its journalists over a story about the crypto firm's corporate structure. In September, having faced regulatory scrutiny in a host of countries, Binance vowed to centralise its business structure to address concerns about a lack of systemic transparency.Zhao tweeted yesterday: "Like many fast-growing, innovative companies, Binance is used to media scrutiny.
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