Crypto billionaire sued by Sequoia over funding deal
Sequoia Capital has sued Changpeng Zhao, the billionaire founder of world's largest crypto exchange Binance, alleging violation of exclusivity agreements. Sequoia was in talks with Zhao to invest in Binance since August 2017, while in December he was offered funding at a higher valuation by IDG Capital. Sequoia has now secured an injunction barring Zhao from negotiating with other investors.