Rapper T.I.'s associates to cough up $100K in FLiK token case with SEC

In a lawsuit filed today in the U.S. District Court of New Jersey, Binance alleged that an article published by Forbes was defamatory and caused "Millions of dollars" in damages.

While there are already questions forming around the merits of the lawsuit, one thing is no longer in doubt: Binance is getting serious.

Binance has retained the services of Charles Harder, the attorney best known for representing Hulk Hogan in a suit against Gawker Media.

Harder's prosecution directly led to the downfall of Gawker Media shortly thereafter.

Peter Thiel, the billionaire founder of Palantir and co-founder of PayPal, helped finance the lawsuits after Gawker ran a headline that mentioned Thiel's sexual orientation.

A 'Strategic Lawsuit Against Public Participation' suit is defined as a nuisance suit designed to dissuade critics from publishing materials by burdening them with substantial legal costs, and has become a favorite tactic of corporations and deep-pocketed figures, including politicians.

Harder has also appeared for other members of the Trump family, including Melania Trump.

In an action brought against the UK's Daily Mail newspaper, Harder was able to garner $2.9 million and an apology after the tabloid insinuated that Trump had "Provided services beyond simply modelling" earlier in her life.

He did not file a threatened lawsuit against the New York Times on behalf of Harvey Weinstein, and later withdrew his representation.

Harder is appearing pro hac vice in the case and is therefore not expected to represent Binance in other legal proceedings.