The Wall Street Journal is said to be facing a defamation lawsuit over allegations made in a 2023 published article describing illegal activities related to cryptocurrency companies Tether and Bitfinex.
According to reports, Christopher Harborne and his company AML Global Ltd filed a lawsuit in the Delaware Supreme Court on February 28 against Dow Jones & Company, the parent company of The Wall Street Journal.
Harborne is one of the shareholders of stablecoin issuer Tether, holding nearly 13% of the cryptocurrency company’s shares. His shares are said to be the result of Bitfinex’s repayment plan following the 2016 hack, but he claims to hold no executive position there.
The companies behind cryptocurrency exchange Bitfinex “struggled to maintain access to the global banking system” by the end of 2018. Quoting emails and documents, the article states that this situation led “supporters” of Bitfinex to resort to “shadowy intermediaries, forged documents, and shell companies to bounce back.”
