Law360 (November 18, 2020, 11:02 PM EST) — Cryptocurrency exchange Binance accused Forbes and two writers of defamation in New Jersey federal court Wednesday, alleging an Oct. 29 story “grossly mischaracterized” the truth and defamed the Cayman Islands-based company by claiming it uses its corporate structure to covertly profit from U.S. cryptocurrency investors and deceive regulators.
The article, “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme to Evade Bitcoin Regulators,” cited a 2018 leaked document as the source of various claims of illegal activities by Binance Holdings Ltd., operator of the world’s largest cryptocurrency exchange based on transaction volume.
The story claimed Binance was setting up an entity it…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!