Former Binance CEO Changpeng “CZ” Zhao is reportedly considering filing a libel suit against Massachusetts Senator Elizabeth Warren over claims related to her allegedly bribing US President Donald Trump for a pardon.
According to a report by Tuesday’s New York Post, Zhao’s lawyer, Teresa Goody Guillén, a partner at Baker & Hostetler, said The former Binance CEO plans to file a lawsuit unless Warren retracts the claims he made in an October 23 x post following his presidential pardon.
The social media post, which now includes context from readers, claimed Cz “pleaded guilty to a criminal charge of money laundering,” leading to his four months in prison in 2024. Zhao Pleaded guilty to one charge In connection with his failure to maintain an effective anti-money laundering program at Binance in November 2023-a violation of the Bank Secrecy Act.
“Mr. Zhao will not remain silent while a United States senator seems to be revolting in office to repeatedly publish defamatory statements that tarnish his reputation,” Goody Guillén said, according to the post. “Accordingly, Mr. Zhao respectfully requests the withdrawal of these misrepresentations, both within the resolution and in x … Mr. Zhao reserves his right to pursue all legal remedies available to address these misrepresentations.”
Trump’s Sorry about CZ October 23 surprised many in the crypto industry and in Congress, of which some claimed the president acted in response to an Abu Dhabi-based investment company Investment of $ 2 billion in Binance With the USD1 StableCoin issued by World Liberty Financial – the crypto company is tied to the Trump family.
Warren’s tweet said Zhao was “President Trump’s financial StableCoin,” calling the move “corrupt.” CZ respond Online by claiming “no money laundering changes (sic)” and Warren “can’t get his facts right.”
Related: Trump’s crypto pardons raise ethical and corruption concerns
Cointelegraph reached out to Warren’s office, Binance and Goody Guillén for comments on the potential lawsuit but did not receive responses by the time of publication. Warren has not issued any public statement via social media on the potential lawsuit, and her X post is still live at the time of publication.
Not CZ’s first rodeo with defamation lawsuits
In July, cz threatened the file A lawsuit against Bloomberg over a report that claims Binance developed the original Smart Contract Code for the USD1 StableCoin. The report included claims that Zhao applied for a Presidential Pard after a $2-billion deal tied to USD1 and Binance.
https://www.youtube.com/watch?v=FLWHQK3_IWW
The former Binance CEO accused Bloomberg Businessweek in 2022 in a report in the Chinese language edition that the crypto exchange was running a Ponzi scheme. In response, the magazine issued an apology in 2024, and the Company agreed to make a charitable donation to resolve the matter.
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