Live Crypto Data & News

Crypto Business

Binance files US lawsuit against Forbes and two cryptocurrency journalistsCryptocurrencies accepted here.


 ▹ Crypto News - Selected / Posted 5 months ago / 124 views

The 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, reported that the “Tai Chi” document contained details of a scheme designed to “intentionally deceive regulators” in the United States. According to Forbes, the document described a plan to funnel revenue from a U.S. entity back to Binance while insulating the company from U.S. enforcement.

In the complaint, filed on Wednesday with the United States District Court of New Jersey, Binance declares that “The Story contains numerous false, misleading and defamatory statements about Binance.” The complaint continues to state that the company did not create the Tai Chi document and has never implemented the scheme described within it. Binance also claims that Harry Zhou, reportedly the author of the document, never worked for the company.

Binance’s complaint notes that the company sent the defendants a letter demanding a removal, retraction and apology. The article remains in place, and an editor’s note within the text states that “Chief compliance officer Lim had previously sent an email to Forbes confirming that Zhou had been a Binance employee.” In its complaint, Binance includes this claim in a list of “false, misleading and defamatory statements.”

Matt Hutchison, Chief Communications Officer for Forbes, told Cointelegraph “We stand by our reporting.”

The barrier for successful defamation lawsuits against journalists and media organizations is set high. Plaintiffs generally have to prove that the defendant acted with “reckless disregard for the truth” or with actual malice (knowing that the statements made were false). Another element of a successful defamation suit is often a “material harm,” and Binance alleges in the complaint that it has suffered material damages “believed to be in the millions of dollars” as a result of the article’s publication, which it hopes to prove at trial.

Binance’s CEO, Changpeng Zhao, previously threatened to sue The Block, a cryptocurrency news outlet.

Cointelegraph has reached out to Binance and Michael del Castillo for comment.

Updated at 19:40 ET 11/18/20 to include a statement from Forbes.


Contact details

⇦🌎⇨ Globally Located

Contact this listing owner

Please, login to contact this listing owner.

How much has Binance made so far in 2021? One analyst estimates it may have been close to a billion dollars.

(Reporting via @CointelegraphMT and @iamjosephyoung)

Isn’t it ironic that the very benefits that Satoshi extolled in the Bitcoin white paper are now being considered by central banks for digitally issued currency?

Bitcoin likely to go beyond $166,000 BTC price in this bull market, one key on-chain indicator suggests.

The infamous Wallstreetbets subreddit has re-banned crypto discussions just one day after allowing the topic. Moderators blamed a Bloomberg article for this quick flip in decision.

It’s yet another new all-time high for Bitcoin. The mining rate hit an astronomical 200 EH/s as BTC surges into the weekend.

Are you surprised more banks aren’t taking notice of Coinbase’s stock going public? So is Skybridge founder Anthony Scaramucci, who compared the event to Netscape’s IPO in 1995.

The future of NTF platforms: From multitrading to the advancement of NTFs themselves.

Institutions continue to explore the nature of crypto. Now both VISA and JPMorgan agree Bitcoin is more asset than currency.

But where do they see the future of programmable money?

(Reporting via @Rachelwolf00)

Huge news coming in this week - The @chainlink project has released its second whitepaper, explaining its shift to providing generalized computation for smart contracts, instead of just data.

Stay ahead of the curve and get all your crypto news on Google!

Follow Cointelegraph on Google News:

It’s a resurgence of the crypto forks as BCH and ETC make big gains. Should we be looking to other forks as these chains bounce in popularity?

Take a seat, TikTok. Based on internet traffic, trading apps are more popular than the video platform.

Ark Invest adds another $110M worth of shares in $COIN to their positions.

Is this a sign of optimism for a Bitcoin ETF?

CBDC development is happening fast, and the European Central Bank might want to move quickly if it wants to retain its dominance. Central banks could face stiff competition if private tech companies have their way.

Do NFTs even need blockchains to be successful? One expert thinks digital collectibles can function without the decentralized infrastructure in our latest hosted video debate.

Surprised more banks aren’t taking notice of Coinbase’s stock going public? So is Skybridge founder Anthony Scaramucci, who compared the listing to Netscape’s IPO in 1995.

The yield must flow. Even companies like Citibank are singing the praises of DeFi to their fund managers now. How widespread can decentralized finance go?

(Reporting via @CointelegraphMT and @iamjosephyoung)

Now that DeFi is gaining in popularity, Pendle Finance is building out ways for users to better manage their growing yields.

The infamous Wallstreetbets subreddit has re-banned crypto discussions one day after allowing the topic. Moderators blamed a Bloomberg article for this quick flip in their decision.

Fire up the grill and pump up the tunes because DeFi Summer 2.0 could be right around the corner. And this time, DOGE is leading the pack to higher highs.

(Reporting via @blockanalia)

Load More...

Averaged Rating


How useful was the contents of this page?

Click on a star to rate it!

We are sorry that this listing was not useful for you!

Let us improve this listing!

Tell us how we can improve this listing?



Start advertising / promote all your crypto related businesses / organizations at 'Bullxo Cryptocurrency Network (BullxoNet)'. All free, no strings attached!

About Us, BullxoNet ★ We are a passionate, bull hugging and kissing team with a high standard ethical code of conduct striving for the adoption of cryptocurrencies into the mainstream. Let's successfully achieve the 4th industrial revolution and change the whole world together with cryptocurrencies and blockchain! Join today to contribute to this revolution while accessing all of our free and up-to-date data and services for your success with cryptocurrencies!

Internal Links - Top-50 Out of 234 Cryptocurrency Exchanges:  ‣ Binance ‣ OKEx ‣ ZB.COM ‣ DigiFinex ‣ BW ‣ HitBTC ‣ CoinBene ‣ Huobi ‣ Bithumb ‣ Bibox ‣ IDAX ‣ Bit-Z ‣ LBank ‣ EXX ‣ OEX ‣ P2PB2B ‣ Negocie Coins ‣ DOBI trade ‣ BitMart ‣ LATOKEN ‣ BCEX ‣ OOOBTC ‣ CoinTiger ‣ RightBTC ‣ TOPBTC ‣ IDCM ‣ ChaoEX ‣ Upbit ‣ Simex ‣ LocalTrade ‣ DragonEX ‣ KKCoin ‣ CoinEgg ‣ Allcoin ‣ JEX ‣ Bitfinex ‣ Sistemkoin ‣ CoinMex ‣ ‣ Coinbase Pro ‣ Exrates ‣ Bitinka ‣ Hotbit ‣ Kraken ‣ Cryptobulls ‣ Bitstamp ‣ ABCC ‣ Kryptono ‣ Fex ‣ Bittrex

Internal Links - Top-100 Out of 1,900 Cryptocurrencies:  ‣ Bitcoin ‣ Ethereum ‣ XRP ‣ EOS ‣ Litecoin ‣ Bitcoin Cash ‣ Binance Coin ‣ Cardano ‣ Tether ‣ Stellar ‣ TRON ‣ Monero ‣ Dash ‣ Bitcoin SV ‣ Tezos ‣ IOTA ‣ Ontology ‣ Ethereum Classic ‣ NEO ‣ Maker ‣ NEM ‣ Basic Attention Token ‣ OKB ‣ Zcash ‣ VeChain ‣ USD Coin ‣ Dogecoin ‣ Bitcoin Gold ‣ Augur ‣ Decred ‣ Holo ‣ Lisk ‣ OmiseGO ‣ TrueUSD ‣ Waves ‣ Nano ‣ Qtum ‣ Nectar ‣ ChainLink ‣ 0x ‣ Bitcoin Diamond ‣ Zilliqa ‣ ICON ‣ Ravencoin ‣ Bytecoin ‣ Paxos Standard ‣ IOST ‣ Bytom ‣ aelf ‣ BitShares ‣ Enjin ‣ DigiByte ‣ Aeternity ‣ Pundi X ‣ Verge XVG ‣ Komodo KMD ‣ Siacoin SC ‣ KuCoin Shares KCS ‣ Steem ‣ Huobi Token ‣ Dai ‣ Stratis ‣ Status ‣ Factom ‣ Mixin ‣ ‣ Golem ‣ MonaCoin ‣ Theta Network ‣ Decentraland ‣ Ark ‣ WAX ‣ Ardor ‣ Aurora ‣ GXChain ‣ Waltonchain ‣ DigixDAO ‣ ODEM ‣ Ultrain ‣ MaidSafeCoin ‣ Reddcoin ‣ Dent ‣ Aion ‣ Gemini Dollar ‣ HyperCash ‣ Zcoin ‣ Power Ledger ‣ Electroneum ‣ Nebulas ‣ Loopring ‣ Horizen ‣ QASH ‣ Revain ‣ Elastos ‣ NEXO ‣ QuarkChain ‣ Loom Network ‣ Loom Network ‣ Populous ‣ PIVX

Copyright ©2019 All rights reserved | This website is provided with love by BullxoNet.