Binance cryptocurrency exchange voluntarily refused to prosecute Forbes media holding due to a defamatory article published in November.
In its lawsuit, Binance argued that the authors of the material, Michael del Castillo and Jason Brett, were disseminating inaccurate information about her, and intended to recover compensation from Forbes for the harm caused, and also sought to remove it from the publication’s website. On February 4, the exchange filed a notice of voluntary withdrawal of the claim with the possibility of re-filing without giving reasons. The judge approved the appeal on the same day.
The Forbes publication was based on the so-called “Taijiquan education”, which was supposedly necessary for the exchange to bypass regulators in the United States with the help of a separate legal entity. This education was supposed to distract the attention of the American authorities, while Binance could freely operate in the country, the material said.
“Binance does not violate and fully complies with all applicable laws, regulations and requirements in the course of its business,” the exchange wrote in the lawsuit. “Binance is not trying to avoid any regulatory authorities in any jurisdiction.”
Forbes Head of Public Relations Matthew Hutchinson said in response to recent events:
“As we said before and continue to insist now, we are fully committed to our comprehensive publication.”
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