Binance is suing Forbes and two of theirs journalists for false accusations that were published in a recent article

Binance is suing Forbes and two of theirs journalists for false accusations that were published in a recent article

The most popular cryptocurrency exchange has filed a lawsuit against the world-famous daily Forbes, which claimed that Binance was circumventing regulations.


19 Nov 2020 , 14:17 @ Katie Müller

Binance is suing Forbes and two of theirs journalists for false accusations that were published in a recent article

The most popular cryptocurrency exchange has filed a lawsuit against the world-famous daily Forbes, which claimed that Binance was circumventing regulations.

In a recent Forbes article entitled “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators“” the author argued that Binance corporate structure was designed to deliberately mislead regulators in the United States.

Forbes received the first response on the day of the release, when the CEO of Binance, Changpeng Zhao said it was a FUD and the allegations are incorrect. Changpeng Zhao published a total of 7 points on his Twitter where he tried to refute the derogatory claims of Forbes.

Binance after this medial pressure also came up with a second reaction in the form of strict restrictions for U.S. users to whom he sent a bulk email stating that he is unable to provide services to U.S. citizens in accordance with regulatory requirements.

However, this did not end here, and yesterday Binance definitely intervened and filed an official lawsuit against Forbes Media LLC., and two journalists (creators of the article), namely Michael Dec Castillo and Jason Brett.

Read the full indictment, by ForkLog.

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