Multi-millionaire Dick Smith threatens to sue The Guardian over Bitcoin scam ads

Cointelegraph

Published Oct 08, 2020 09:34PM ET

Updated Oct 09, 2020 11:40PM ET

Electronics entrepreneur Dick Smith — who is a household name in Australia — has threatened a lawsuit against a major media outlet after it hosted ads that linked to fake articles suggesting Smith is promoting a fake Bitcoin and crypto investment scheme.

According to an Oct. 8 report from The Australian, the legal team for millionaire Dick Smith is threatening defamation proceedings against The Guardian Australia after discovering the advertisements.

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