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I suspect this is a publicity stunt from Binance. The world will see they are willing to sue to defend their reputation and in many people’s minds that’s enough to validate a positive reputation. It also makes future reporting in a negative light think twice before publishing.
However I predict this will never go to trial. There are zero chances Binance wants to go through the full discovery phase on this. Not because they are right or wrong this time, but because the amount of data that can get turned over during a discovery phase is gargantuan.
Taken directly from the court document:
“As stated above (supra, 50), the Wall Street Journal knew that the statement
was false because Binance told the Wall Street Journal so prior to publication”
Translated: They knew it was false because we said it was.
Sorry, but that’s not how facts are determined. If it was I could say that I am actually a talking cartoon whale. And it’s true only because I say it’s true.
🤍🐋
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