Cryptocurrency exchange Binance Holdings drops defamation lawsuit against Forbes

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CoinDesk / Nikhilesh De and Zack Seward / Feb 9, 2021

“At the heart of the suit was a story about the so-called ‘Tai Chi’ document. The slide presentation obtained by Forbes allegedly described a plan to help Binance bypass U.S. regulations by using a U.S.-based entity to handle business in the country and send profits back to the parent firm. Binance CEO Changpeng Zhao, more commonly referred to as CZ, has repeatedly refused to answer questions about where his firm is currently headquartered.” —LO

Tags: defamation lawsuit, Forbes