Binance begins a legal action over Forbes defamantion of its business

Binance begins a legal action over Forbes defamantion of its business

By ircrp | ircrp | 19 Nov 2020


Further to the publication by Forbes two cryptocurrency journalists reporting on the Tai Chi documents which allegedly contained a detailed and comprehensive plans to "intentionally deceive regulations" in the United States, Binance has now filled in a lawsuit within the US state of New Jersey to challenge the publication as defamatory and demand compensation for the punitive damages.

  • Within the lawsuit Binance argues that “The Story contains numerous false, misleading and defamatory statements about Binance" and continues that the company has never had knowledge nor been involved with the Tai Chi documents, furthermore highlighting the author Harry Zhou of the document has never been involved with the company.
  • The lawsuit also highlights a complaint which Binance has sent to Forbes demanding a retraction and apology over the publication's "false, misleading and defamatory statements" in regards to the publication's statement of that the “Chief compliance officer Lim had previously sent an email to Forbes confirming that Zhou had been a Binance employee.”
  • Forbes has since stood by their reporting with no plans of apology nor retraction, with the publication still remaining publicly visible.



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