Collective Availability

Live Crypto Data & News

Crypto Business Directory

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

 ▹ Crypto News - Selected / Posted 2 months ago / 75 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.

What is preventing DeFi from gaining traction in western markets? Can it gain 100 million users in the next three years? Find out in our latest interview with Cardano founder Charles Hoskinson (@IOHK_Charles)!

Stacks 2.0 has a wave of support for its DeFi Bitcoin bridge! The expansion of Bitcoin’s utility will hopefully put to work the $700 billion of BTC currently sitting on the sidelines.

Twitter’s CEO, @jack, recently made some difficult decisions that banned thousands of users from his company’s platform. But as these disgruntled users flock to other outlets, are decentralized solutions the real answer?

Look out @Grayscale you’ve got some new competition to deal with. Osprey Funds is offering access to BTC while touting lower fees to grab market share. Looks like the Bitcoin markets might be heating up fast in 2021.

Tax season is creeping up, but don’t worry because CoinTracker is making things easier for crypto traders. They have partnered with Coinbase to keep things as simple as possible with a one-click solution.

Earlier, a system crash took down a number of Tor-enabled Bitcoin nodes. There has been no word on if BTC transactions overall were affected, as the nodes are now back up on the privacy-centric network.

Like yield farming and love Dr. Who? One company is giving out valuable NFTs based on the hit show for providing liquidity on Uniswap.

Is $EOS one of the best risk/reward assets to own right now? According to Jeff Dorman, CIO of Arca, it provides a good opportunity at a steep discount.

Reflecting on a historic 2020 can give us insights into where Bitcoin is heading this year. Major catalysts like the halving and institutional involvement have been credited for BTC peaks, but will 2021 take us to the moon and beyond?

100 million new users to Defi! Charles Hoskinson, the founder of Cardano, predicts in the next 3 years, Africa will play a major role in bringing droves of people to this segment of blockchain.

The NFT world is attracting artists from all over, including famous EDM star @Deadmau5. In collaboration with Mad Dog Jones, two art collections will be released via @Niftygateway. What kind of prices can we expect these pieces to fetch?

What is preventing DeFi from gaining traction in western markets? And can it gain 100 million users in the next three years? Find out in our latest interview with Cardano founder Charles Hoskinson (@IOHK_Charles)!

Osprey Funds' #Bitcoin trust could be an alternative to $GBTC, @benjaminpirus reports

Bakkt could be the trendsetter that sends more crypto companies public in 2021! How did they nail their timing, and how many other exchanges will follow their lead?

The change in U.S. presidential administrations continues to dominate the regulatory landscape, and even @jack is uncomfortable with the outsized role Twitter has been forced to play.

Stacks 2.0 is getting big support for its DeFi Bitcoin bridge! Hopefully, the expansion of Bitcoin’s utility will put the $700 billion of BTC sitting on the sidelines to work.

DeFi, investment strategies, technology breakthroughs, all these and more will be covered at the CfC St. Moritz virtual day! Come hear the top blockchain leaders share their insights in just a few days.

Grab your tickets here:

Tax season is quickly approaching, but don’t worry, CoinTracker is making things extremely easy for you. They have partnered with Coinbase to allow a one-click integration. Can this make taxes a little less horrible this year?

Attention UK readers: A British financial advisor has called on the government to stop all crypto transactions. Why? Because criminals use crypto, and he wants to crash the market.

Would that be a dip worth buying?

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.