Binance sues Forbes Media and two others for the defamation over the “Tai Chi” piece

Binance filed the suit in the U.S. District Court claims Forbes, Michael del Castillo and Jason Brett both Forbes writers defamed Binance with Tai Chi publication.

By · Nov 19, 2020 . 5min read

Binance sues Forbes Media on Tai Chi piece news

Binance Holdings appear not to be taking a hit piece by Forbes Media published last month easy, it’s gone ahead to sue the latter and two others claiming character defamation.

Binance filed the suit in the U.S. District Court in New Jersey claims Forbes, Michael del Castillo and Jason Brett both Forbes writers defamed and harmed Binance with that Tai Chi publication alleging Binance had it all orchestrated to defraud regulatory authorities.

The legal attorneys for Binance in the suit claims Forbes’ publication

“contains numerous false, misleading and defamatory statements.”

Consequently, Binance is vehemently refuting Forbes’ claims rejecting them and even denies the existence of any Tai Chi document. Hence, Binance is not just asking that Forbes retract the article but also pay punitive damages for the harm the publication did to its brand.

While some are interpreting Binance’s latest action of fighting back with the lawsuit slam on Forbes, Binance maintains it’s not in the business of muzzling the media with charges.

To assuage these perceived concerns, a Binance spokesperson told CoinDesk that Binance

“Exercise and support freedom, including freedom of information and freedom of the press, as well as accountability. We want to assure the media that this suit doesn’t represent any threats to the reporting of Binance. We and any leading industry players need media to keep us accountable and reporting information to the public.”

Binance suing Forbes, but the latter is yet to take down the article.

Recall that CryptoDose Media published an article on Forbes claims on Binance alleged plans of hoodwinking authorities in the US. The masterplan was for Binance to set up a then-unnamed entity in the United States. All evidence in the article points towards Binance.US as the then-unnamed entity. The ultimate goal was for it to profit somewhat “illegally” from US investors without necessarily drawing attention unto itself.

As at press time, Forbes article on the Tai Chi revelation still remains intact on its Forbes’ website.

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