Binance is suing Forbes over …

Binance sues Forbes over defamatory posting

The Binance cryptocurrency exchange has filed a lawsuit in New Jersey against Forbes Media and two of its journalists: Michael del Castillo and Jason Brett. The exchange claims that they published a defamatory article and expects to recover compensation from them..

The article was published on October 29. It talked about the exchange’s alleged plan to “deliberately mislead” regulators in the US by creating an entity that would attract penalties, while Binance would serve US investors. Binance CEO Changpeng Zhao then said that the facts given in the publication do not correspond to reality..

“The publication contains numerous false, misleading and defamatory statements regarding Binance,” Cointelegraph quotes an excerpt from the lawsuit. The exchange insists that it did not create the document described in the article and did not use the plan it contains. In addition, she claims that the alleged author of the document, Harry Zhou, has never worked for the company..

Binance is suing Forbes over ...

Binance says it sent a request to the publication to remove the material and apologize, but this was not done. As Cointelegraph notes, defending such claims requires significant legal efforts. Usually, they need to prove that the defendant committed a “daring disregard for the truth” or was guided by malicious motives, knowing that the information he was distributing was not true. In addition, it is necessary to prove “material damage”, which, according to Binance, is measured in “millions of dollars”.

Binance sues Forbes over ...

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