Binance Drops Defamation Lawsuit Against Forbes Over ‘Tai Chi’ Document
The exchange did not say in its latest filing why it withdrew the case for now.
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Binance sued Forbes for defamation Wednesday over a story last month that purported to reveal regulatory evasion tactics.
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....
Cryptocurrency exchange alleges "millions of dollars" in losses as a result of what it describes as a "false and misleading" article. Binance has filed a lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, alleging that an article published under the title Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators was defamatory. Binance is demanding both compensatory and punitive damages.The article, which appeared on the Forbes website on Oct 29 2020, reported that the ‘Tai Chi’ document....
“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 […]