Binance co-founder and former CEO Changpeng “CZ” Zhao has denied a recent Bloomberg report linking him to a Stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump.
In a Post In the X who responded to the investigation, Zhao called the article a “hit piece (who was sponsored by a competitor)” full of “so many mistakes” that he didn’t know where to start. “He added,” they may sue for a defamation again. “
Bloomberg’s report claimed Binance developed the original Smart contract code For USD1, a stablecoin issued by World Liberty Financial, a company associated with former President Donald Trump.
It also accused Zhao for a presidential pardon shortly after USD1 Used in a $ 2 billion deal involving the investment of UAE -based funds in Binance. More than 90% of USD1 tokens have been reported to remain in Binance’s wallets, which potentially make up ten -ten million in annual interest income.
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Binance Ponzi’s Binance Ponzi
Zhao’s tweet referred to a previous legal dispute with Bloomberg, who links a July 2024 apology from the Chinese language edition of the publication.
The statement repeated a 2022 article accusing Binance of running a Ponzi scheme, calling the headline “wrong and baseless.” At this time, Bloomberg agreed to commit a charity rather than pay for injuries.
Zhao Pleaded guilty to a number of felony As part of a negotiation of US authorities in 2023. Although he had served for four months in prison, he said in May that he was Looking for a presidential forgiveness From Trump. Such forgiveness may allow Zhao to return to a managerial or operational role in a US crypto business.
Trump’s adventures, along with the World Liberty Financial, his official contributions to the crypto executive campaign, have been attracting an investigation from U.S. lawmakers since he took office.
Republican leaders in the Chamber are set to consider three crypto billsIncludes the Genius Act, which controls payment stablecoins. The bill passed the Senate with Bipartisan support across Initial democratic opposition Because of Trump’s crypto interest.
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Zhao’s cow with the WSJ
In April, Zhao too Wall Street Journal’s report was deleted That said he had come up with evidence against Tron’s founder Justin Sun as part of a plea to the United States Department of Justice.
“WSJ is really trying to be here. They seem to have forgotten who went to prison and who didn’t,” Zhao wrote in an April 12 x post. “People who have been GOV’s witnesses have not been to prison. They have been protected. I heard someone who pays WSJ employees to ate me.”
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