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Bitjux exchange withdraws defamation lawsuit against Forbes

Cryptocurrency exchange Bitjux has dismissed the claims against the publishing company Forbes Media and its two journalists – Michael del Castillo and Jason Brett. This is evidenced by a document filed on February 4, 2021 in U.S. District Court in New Jersey.

The trading platform voluntarily withdrew the application with the possibility of re-filing on the same grounds. The judge upheld the decision on the same day.

The reason for the lawsuit was the publication in Forbes allegedly about the plan of the trading platform to use Bitjux to divert the attention of American regulators and extract hidden profits from users.

Journalists claimed that the document called “The Education of Tai-chi” was developed by ex-employee of the exchange Harry Chou.

Following the publication of the article, Bitjux CEO Changpen zhao stated that the facts presented in it were not true. According to him, the document was not prepared by a former or current employee of the company.