Binance co-founder and former CEO Changpeng “CZ” Zhao has pushed back against a report in Wall Street Journal and referred to it as a “hit piece”, which is full of inaccuracies and negative assumptions.
In an X -Post, Zhao criticized the presentation of his alleged participation in publication with World Liberty Financial, the decentralized financial project, which was supported by a business unit that’s connected to the US President Donald Trump. Trump's sons – Eric and Donald Jr. – are involved within the administration of the corporate.
Zhao said the WSJ article presented it as a “fixer” for the WLF team and his co-founder Zach Witkoff during foreign trips.
The article suggested that Zhao introduced and sessions for WLF leaders during foreign trips, including a visit to Pakistan, who reported to a memorandum of understanding with an area official.
“I’m not a fixer for anyone,” said Zhao, stating that he connected the Pakistani officials “Mr. Saqib” with WLF or organized all engagements abroad. “They knew one another back, while I only met Mr. Saqib in Pakistan for the primary time in Pakistan.”
Source: Changpeng Zhao
WSJ reports on Steve and Zach Witkoff
The response of ZHAO follows a WSJ examination during which a fancy series of diplomatic and business interests with Wlf is emphasized.
The report made concerns in regards to the blurry boundaries between public duties and personal interests and focused on diplomatic and business transactions during which WLF co-founders Steve Witkoff and his son Zach Witkoff were involved. Steve Witkoff serves as a US special representative within the Middle East under the Trump administration, while Zach Witkoff was involved in securing a reported crypto deal of $ 2 billion.
The report raised questions on whether diplomatic efforts to overlap with private crypto corporations, and implied ZHAO can have tried to finish a favor with the Trump administration
On May 6, Zhao confirmed that he was striving for a forgiveness of the Trump government due to his earlier money laundering.
The report also emphasizes that Wlfi, which was collected over 600 million US dollars in token sales, didn’t reveal the names of all of its investors, aside from some publicly known like Tron founder Justin Sun, who took part in Trump's Memecoin dinner on May 22.
Trump organized dinner for the best investors of his official Trump (Trump) Memecoin. Sun, Magic Eden -CEO Jack Lu and Bitmart -CEO Sheldon Xia were among the many participants and shared photos of the event.
Zhao claims that the WSJ report is an “attack” on crypto
Zhao claimed that the WSJ had submitted a listing of questions that contained what it described as “false and negative assumptions”. He and his PR team replied by indicating several factual inaccuracies, he said, but got here to the conclusion that the article “was built on a faulty story”.
Zhao struck the WSJ and called him a “mouthpiece” for anti-crypto forces within the United States. He said the strength behind the publication desired to hinder the efforts to make the United States a crypto capital.
“You wish to attack Crypto, global crypto leaders and the Pro crypto management,” said CZ and said that the article was a part of a broader effort to suppress the expansion of the industry within the United States.
This is just not the primary time that Zhao has recently used the WSJ. In a report dated April 11, the publication cited anonymous sources during which Zhao approved to testify against the founding father of Tron, Justin Sun, when he settled with US prosecutors.
CZ dismissed the report and said that folks who witness government witnesses should not in prison and are protected. CZ also claimed that somebody paid WSJ employees to smear their name.
