Bitcoin Supporters Slam ABC News Over Negative Coverage

ABIB files complaint against ABC News for "factual errors" in crypto article.

The Australian Bitcoin Industry Body (ABIB) has lodged a formal complaint against ABC News over an article on the cryptocurrency market downturn, which it claims contains “numerous factual errors” and “one-sided interpretation.”

The Australian Bitcoin Industry Body (ABIB) has lodged a formal complaint with the Australian Broadcasting Corporation (@abcnews) regarding its recent article on Bitcoin.

The piece contained multiple factual errors, misleading claims, and one-sided framing that breach the ABC’s…

— Australian Bitcoin Industry Body (@AusBTCIndBody) December 2, 2025

ABC News, Australia’s government-funded public broadcaster and the country’s largest media organization, published a controversial piece on December 2 analyzing recent digital asset volatility. The article questioned the utility of the first cryptocurrency. 

“Conceived nearly 18 years ago by the mysterious Satoshi Nakamoto […] Bitcoin has yet to fulfill any of its stated goals and has no practical application,” the article states.

The author described digital gold as a tool “for those operating in the shadows,” noting that its role has been overtaken by stablecoins like USDT.

ABIB’s complaint asserts that the publication violates ABC’s editorial policy and Code of Conduct.

“The article misrepresented Bitcoin’s purpose, conflated it with criminal activity, overlooked publicly available information, and relied on sensational language rather than evidence to inform readers,” the activists noted. 

The group’s complaint cites each inaccuracy and discrepancy in the material. ABIB representatives demand corrections to the errors.

The organization added that they frequently receive inquiries from the public, “disappointed by the recurring misrepresentation of cryptocurrency in Australian media, particularly from state-funded entities legally obliged to provide accurate and impartial journalism.”

Back in September, U.S. President Donald Trump filed a $15 billion defamation lawsuit against The New York Times and book publisher Penguin Random House over attacks on his meme token.