Binance co-founder and former CEO Changpeng “CZ” Zhao has pushed again towards a report in The Wall Road Journal, calling it a “hit piece” stuffed with inaccuracies and adverse assumptions.
In an X submit, Zhao criticized the publication’s portrayal of his alleged involvement with World Liberty Monetary, the decentralized finance mission backed by a enterprise entity affiliated with US President Donald Trump. Trump’s sons — Eric and Donald Jr. —are concerned within the administration of the corporate.
Zhao stated the WSJ article portrayed him as appearing as a “fixer” for the WLF group and its co-founder Zach Witkoff throughout international journeys.
The article urged Zhao facilitated introductions and conferences for WLF leaders throughout international journeys, together with a go to to Pakistan that reportedly resulted in a memorandum of understanding with an area official.
“I’m not a fixer for anybody,” Zhao stated, firmly denying that he related Pakistani official “Mr. Saqib” with WLF or organized any engagements overseas. “That they had identified one another means again, whereas I solely met with Mr. Saqib for the primary time in Pakistan.”
WSJ experiences on Steve and Zach Witkoff
Zhao’s response follows a WSJ investigation highlighting a posh string of diplomatic and enterprise pursuits involving WLF.
The report raised issues in regards to the blurred traces between public duties and personal pursuits and centered on diplomatic and enterprise dealings involving WLF co-founders Steve Witkoff and his son, Zach Witkoff. Steve Witkoff serves because the US Particular Envoy to the Center East below the Trump administration, whereas Zach Witkoff has been concerned in securing a reported $2 billion crypto deal.
The report raised questions on whether or not diplomatic efforts overlapped with personal crypto ventures, and implied Zhao might have been trying to curry favor with the Trump administration
On Might 6, Zhao confirmed that he’s searching for a pardon from the Trump administration for his earlier cash laundering conviction.
The report additionally highlighted that WLFI, which raised over $600 million in token gross sales, doesn’t disclose the names of all its buyers apart from some publicly identified ones like Tron founder Justin Solar, who attended Trump’s memecoin dinner on Might 22.
Trump hosted the dinner for the most important buyers of his Official Trump (TRUMP) memecoin. Solar, Magic Eden CEO Jack Lu and BitMart CEO Sheldon Xia have been amongst attendees and shared images of the occasion.
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Zhao claims the WSJ report is an “assault” on crypto
Zhao claimed the WSJ submitted a listing of questions containing what he described as “mistaken and adverse assumptions.” He and his public relations group responded by stating a number of factual inaccuracies, he stated, however concluded that the article was “constructed on a flawed narrative.”
Zhao slammed the WSJ, calling it a “mouthpiece” for anti-crypto forces in the USA. He stated the forces behind the publication wish to hinder efforts to make the US a crypto capital.
“They wish to assault crypto, international crypto leaders and the pro-crypto administration,” CZ claimed, saying the article is a part of a broader effort to stifle the business’s progress within the US.
This isn’t the primary time Zhao has clapped again on the WSJ not too long ago. In an April 11 report, the publication cited nameless sources alleging that Zhao agreed to testify towards Tron founder Justin Solar as he settled with US prosecutors.
CZ dismissed the report, saying that individuals who change into authorities witnesses don’t go to jail and are protected. CZ additionally claimed that somebody paid WSJ workers to smear his identify.
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