CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Lawsuit Filed: Wall Street Journal Faces Defamation Allegations Over Tether-Bitfinex Article

02.03.2024
A A
0
127
VIEWS
ShareShare

The Wall Street Journal is facing a defamation lawsuit over an article that allegedly falsely accused a Thai-based aviation fuel broker and his company of involvement in illegal activities at stablecoin issuer Tether and crypto exchange Bitfinex.

Christopher Harborne, the owner of AML Global Ltd., filed the lawsuit in a Delaware state court on February 28, claiming that the article made baseless accusations of fraud, money laundering, and financing terrorism.

The contentious article, titled “Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts,” was published in March 2023.

It reported on Tether and Bitfinex’s struggles with maintaining access to the global banking system and suggested that they resorted to using shadowy intermediaries, falsified documents, and shell companies to regain access.

The Wall Street Journal claimed that some of these accounts were involved in illegal activities.

Wall Street Journal Article Included Harborne and AML in Article

The article originally included several paragraphs that mentioned Harborne and AML.

However, on February 21, 2024, a week before the lawsuit was filed, an editor’s note was added, stating that the section about Harborne and AML had been removed to avoid implying their involvement in misleading banks or the withholding or falsification of information during the account application process.

In response to the lawsuit, a spokesperson for The Wall Street Journal stated that the disputed section had been removed from the article after receiving a dispute from Harborne’s counsel.

They also added an editor’s note, in accordance with their editorial standards.

The spokesperson further noted that the lawsuit filed against Dow Jones (the parent company of The Wall Street Journal) contained inaccuracies and distortions. The publication is committed to a strong legal defense, as it takes its journalistic responsibilities seriously.

Harborne clarified in the lawsuit that while he does have a 12% ownership stake in Bitfinex, it is a result of the company’s reimbursement plan for customers affected by a 2016 hack of the exchange.

He emphasized that he has never held a management or executive role at Bitfinex or Tether and is merely a minority shareholder.

WSJ Publishes False Information About Crypto’s Role in Illicit Financing

Last year, WSJ published an article titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto,” which alleged that Hamas raised over $130 million in cryptocurrency between August 2021 and June 2022.

The Wall Street Journal article was even referenced by US lawmakers including Senator Elizabeth Warren, who co-signed a letter with over 100 members of Congress urging the White House and Treasury Department to crack down on cryptocurrencies due to their alleged use in funding Hamas operations.

However, blockchain analytics company Elliptic refuted claims that Hamas received millions in crypto donations in the months leading up to its attack on Israel earlier this month.

Elliptic stated in a blog post that there is “no evidence to support the assertion that Hamas has received significant volumes of crypto donations.”

The post Lawsuit Filed: Wall Street Journal Faces Defamation Allegations Over Tether-Bitfinex Article appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
All news

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
0

A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according to a new...

Read moreDetails
Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
Load More
Next Post
Solana Price Prediction Following New Multi-Month High – What’s Next for SOL’s Price Action?

Solana Price Prediction Following New Multi-Month High – What’s Next for SOL’s Price Action?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why

If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why

2 years ago
Pressing Warning: Canada’s PM Flags ‘Severe Deficiencies’ in Bitcoin – Is Your Crypto Secure?

Pressing Warning: Canada’s PM Flags ‘Severe Deficiencies’ in Bitcoin – Is Your Crypto Secure?

5 months ago
Ethereum’s Dencun Upgrade Progress: Verification and Future-Proofing

Ethereum’s Dencun Upgrade Progress: Verification and Future-Proofing

2 years ago
FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Pi Coin Price Prediction: Binance Listing Rumors Heat Up Again – Could PI Skyrocket Past $10? 

Trending

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
All news

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
0

A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according...

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz