WSJ Faces Defamation Lawsuit Over Tether-Bitfinex Article

The Wall Street Journal is rumored to be facing a defamation lawsuit over allegations made in their recent article. The article in question suggested that an influential businessman was involved in illegal activities. The businessman and his legal team have vehemently denied these allegations. The lawsuit seeks to hold the publication accountable for the damage caused to the businessman's reputation. This case highlights the importance of responsible journalism and the potential consequences of publishing unverified claims. The Wall Street Journal will have to defend their reporting in court and prove the accuracy of their statements to avoid facing significant financial repercussions.

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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.”

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