Changpeng “CZ” Zhao, former CEO of Binance, denied the claim that he agreed to offer evidence against the founding father of Tron as a part of a plea contract with the US Ministry of Justice (DOJ).
In a report dated April 11, the Wall Street Journal quoted unnamed sources wherein the CZ had agreed to testify against Sun as a part of its settlement with US prosecutors.
“As a part of Zhao's plea, he agreed to present the prosecutors evidence of the sun”, an “agreement” that “had not been reported before”, says the WSJ report, citing sources that were conversant in the matter.
“WSJ really tries here. They appear to have forgotten who went to prison and who didn't,” wrote Zhao in a post dated April twelfth. “People who grow to be witnesses don’t go to prison. They are protected. I heard that somebody paid WSJ employees to smear me.”
Source: Changpeng Zhao
CZ was sentenced to 4 months in prison in April 2024 because they violate money laundering (AML). On September 27, he was released from the federal prison because the richest one that has ever served a US prison sentence with net assets of $ 60 billion.
In a separate contribution dated April 11, CZ claimed that several people had warned him of the journal's intentions to publish what he described as a “hit piece”.
Source: Justin Sun
Sun said that he was “not of the circulation rumors” and called CZ his “mentor and shut friend”, reported Cointelegraph on April eleventh.
“Some players praise themselves again within the USA” – CZ
CZ continued to invest that the report might be related to lobbying against him and his former company.
“I also heard some rumors about some players who praised ourselves against us again within the USA,” said CZ.
CoinTelegraph made CZ for further details in regards to the lobby claims.
In November 2023, Zhao said that “FTX was caught up with Binance for regulatory” cracing “to extend the market share”, citing a federal neuswire report.
Zhao's comments come over a month after crypto donations influence the concerns of the industry participants.
Crypto firms spent over 134 million US dollars for the US elections in 2024 in “unchecked political expenses”, which represents some critical challenges, reported Cointelegraph on March 10.
Fairshake donation. Source: Political Accountability.net
“While the businesses that make these contributions may strive for a positive regulatory environment, these political donations proceed to undermine public trust and suspend firms the legal, reputative and business risks that can not be ignored,” says a report by the Center for Political accountability (CPA) of March 7.
