Overview
- The Australian Bitcoin Industry Body alleges ABC breached its editorial standards with factual errors and one-sided framing in a recent analysis of Bitcoin.
- ABC’s article, authored by chief business correspondent Ian Verrender, asserted Bitcoin has no useful purpose and is used by those operating in the shadows.
- ABIB says the piece omitted documented Bitcoin use-cases such as energy grid services, humanitarian remittances, merchant adoption, and sovereign reserves.
- The contested article leaned on reporting about stablecoin USDT, citing investigations that tracked at least $1.4 billion through a wallet linked to Cambodia-based Huione.
- ABC has been approached for comment, and as of December 4 no public corrections or outcomes had been announced.