September 19, 2021

Binance sues Forbes Media for defamation

Binance sues Forbes Media for defamation

This Wednesday, cryptocurrency exchange Binance filed a libel suit against two Forbes Media writers.

Legal action is a response to a recent Forbes article that claims, among other things, that Binance "uses an elaborate corporate structure that helps defraud regulators."

In its lawsuit, Binance denies these claims, pointing out that they are "false and highly defamatory." The document states:

During its operation, Binance does not violate, but fully complies with all existing laws, rules and regulations. Binance does not aim to circumvent the regulatory requirements of any jurisdiction.

Forbes representatives have not yet commented on this.

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According to the materials