Binance quietly drops ‘multi-million’ Forbes defamation lawsuit
Binance Holdings has dropped its defamation lawsuit against Forbes regarding the publication of an article that alleged the exchange purposely sought to evade U.S. regulators. The world’s largest cryptocurrency exchange, Binance, has dropped its defamation lawsuit against news publication Forbes and two of its journalists, according to official court documents.Binance Holdings filed a lawsuit against Forbes, along with journalists Michael Del Castillo and Jason Brett in November, following an article that alleged Binance sought to purposely distract and dodge United States financial....
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The exchange did not say in its latest filing why it withdrew the case for now.
Binance sued Forbes for defamation Wednesday over a story last month that purported to reveal regulatory evasion tactics.
“So we are gonna drop the lawsuit, 100% and I'm sorry this became public,” said Ben Armstrong. Ben Armstrong, the man behind Bitboy Crypto said that he is dropping the defamation suit against fellow Youtube content creator Erling Mengshoel Jr., who goes by the name Atozy.Armstrong officially filed the suit against Mengshoel Jr. on Aug. 12 in response to a Nov 2021 video titled “This YouTuber scams his fans… Bitboy Crypto” which alleged that Armstrong was dishonestly promoting dubious assets to his audience such as PAMP for his own gain. He was seeking $75,000 in damages over the ordeal.....
Changpeng Zhao, the CEO of Binance, filed a lawsuit against Modern Media CL, the publisher of Bloomberg Businessweek in Hong Kong, on Monday, alleging defamation over a title of a translated Chinese language article that described the executive of the cryptocurrency exchange as operating a “Ponzi scheme.” Binance CEO Out For Blood Changpeng Zhao, the […]
Libel laws and new faces at the U.S. securities regulator lead the week's news. Editor's noAmid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play. Meanwhile, the technology advances at a mind-boggling rate, and there are still enough outrageous scams, absurd tomfoolery and indeed general skulduggery to keep everything from getting dull.Speaking of skulduggery, I will begin this week with a comment on a challenge to....