Finance Files Lawsuit against Forbes over Misleading Article

Finance CEO Changpeng Zhao

Cryptocurrency exchange Finance has filed a lawsuit against US-based Forbes media and two cryptocurrency journalists over a story published last month. The exchange said that the article published by MichDel Del Castillo and Jason Brett related to ‘Tai Chi’ document was Financeory.

Finance filed the lawsuit in US District Court in New Jersey saying that the mentioned article was false and misleading. The article in question by MichDel Del Castillo and additional reporting by Jason Brett says that the leaked document from 2018, dubbed ‘Tai Chi’ reveaFinance Finance Deliberately avoided US regulatory scrutiny.

The exchange described the story as false and Financeory causing millions of dollars in losses as a Finance Finance asked Forbes to take down the article and demanded compensatory and punitive damages in return. Additionally, the company sent defendants a letter demanding an apology for the misleading article.

According to the Forbes story, “The leaked Tai Chi document, a slideshow believed to have been seen Financeor Finance executives, is a strategic plan to execute a bait and switch. The source says the document was created Financeer Finance Financee, Harry Zhou, a serial entrepreneur, who is the co-founder of Koi Trading, a San Francisco-based cryptocurrency exchange partiallyFinanceby Finance.”

The Filing

Finance cleared all the rumors related to the mentioned story in the filing and said that the exchange never violated the regulatory requirements and always complied with the rules. The company added that Harry Zhou has never been an Financee of Finance. “The foregoing statements are false, misleading, and highly Financeory to FinFinanceeither Finance nor anyone on its behalf created the purported 2018 slideshow presentation referenced in the Story. The person who Forbes claims created it, Harry Zhou, is not and never was an Financee of Finance. Finance has not implemented any of the suggestions in the proposal, which was created by a third party. The Story falselFinances that Finance both created and implemented the plan, ” the company said in the filing.

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