Changpeng Zhao, higher often called CZ, isn’t staying quiet. The previous Binance CEO has publicly rejected claims from a latest Wall Road Journal article that accused him of serving to dealer worldwide offers for a crypto startup tied to Donald Trump’s inside circle.
In a strongly worded thread on X, CZ known as the story deceptive and stated the narrative had been twisted to suit an agenda. CZ denies any involvement in serving to dealer offers for World Liberty Monetary, a crypto venture tied to Trump’s inside circle.
What the WSJ Claimed
According to the article, CZ allegedly performed a behind-the-scenes position in serving to World Liberty Monetary (WLF) develop its attain. Zach Witkoff co-founded the cryptocurrency enterprise WLF, and maintains shut ties with Trump members of the family.
The WSJ story centered on a gathering in Pakistan between WLF and entrepreneur Bilal bin Saqib. It claimed CZ helped facilitate that connection, which later led to WLF signing a memorandum of understanding with a government-backed group within the nation.
In brief, the paper urged that CZ acted as a quiet connector, smoothing the trail for WLF’s world ambitions.
CZ Fires Again
CZ wasted no time responding. In an in depth X submit, CZ denies claims that he launched WLF to overseas companions or performed any position in its growth.
One other hit piece from Wall Road Journal. WSJ as a substitute of doing journalism, has just about resorted to Cunningham’s Legislation, with unfavourable intentions.
“Cunningham’s Legislation: One of the simplest ways to get the best reply on the Web is to not ask a query; it is to submit the unsuitable reply.”…
— CZ
BNB (@cz_binance) May 23, 2025
He posted a direct denial, stating, “I’m not a fixer for anybody.” He stated he solely met Bilal bin Saqib in individual throughout a visit to Pakistan and had no position in any assembly between Saqib and WLF. In accordance with him, Saqib and WLF had already been in touch lengthy earlier than he was within the image.
His message was clear: there’s no secret deal-making happening behind closed doorways, and his title is being dragged into one thing he had nothing to do with.
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Not Simply Denial, A Critique of the Course of
CZ denies the story printed by the WSJ, arguing it ignored clarifications offered by his group forward of publication. Past defending himself, CZ took subject with how the story was reported. He stated that the WSJ had despatched a listing of inquiries to his group upfront, however these questions have been crammed with unhealthy assumptions. He claims his group offered clarifications and corrections, however none of that made it into the ultimate article.
He additionally pointed to what he sees as a development in journalism, writing one thing controversial first, then letting the backlash carry in consideration and corrections after the very fact. He referenced Cunningham’s Legislation to explain this: the concept that the quickest solution to get the proper reply on the web is to submit the unsuitable one.
In his view, the WSJ leaned right into a model of the story that was extra dramatic than correct.
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Why This Is Getting So A lot Consideration
World Liberty Monetary isn’t simply any crypto venture. Its ties to Trump’s household and rising worldwide presence have already raised eyebrows. The crypto house has lengthy thrived in a gray space the place affect and connections maintain sway. When politics enters the image, the complexities deepen.
The mere suggestion that somebody like CZ could possibly be utilizing his community to assist WLF win overseas offers was all the time going to seize headlines — which is probably going a part of what pissed off him most.
What Occurs Subsequent?
At this level, there’s no official fallout, and CZ hasn’t indicated that he’ll be taking authorized motion. However the state of affairs highlights how delicate the intersection of crypto, politics, and media has change into. When high-profile names are concerned, particularly throughout nations and political traces, tales like this aren’t going away anytime quickly.
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- CZ has denied claims from the Wall Road Journal that he facilitated world offers for Trump-linked crypto venture World Liberty Monetary.
- The WSJ report alleged CZ helped join WLF with overseas figures in Pakistan, resulting in a signed settlement with a government-backed group.
- CZ responded on X, calling the claims false and asserting he had no position in any WLF-related conferences or agreements.
- He additionally criticized the WSJ’s reporting course of, saying his group gave clarifications that have been ignored in favor of a extra dramatic narrative.
- This controversy underscores rising tensions on the intersection of crypto, media, and politics — particularly when high-profile names are concerned.
The submit CZ Slams WSJ for Claiming He Helped Trump-Linked Crypto Deal appeared first on 99Bitcoins.
