Co -founder of Binance and former general director of Changpeng “Cz” Zhao rejected the recent Bloomberg report, which connects him with Stablecoin issued by World Liberty Financial (WLF), one of the cryptographic companies associated with US President Donald Trump.
IN post In response to the investigation, Zhao called the article “a hit (sponsored by a competitor)” filled with “so many factual errors” that “he doesn’t even know where to start.” He added: “Maybe I will have to sue them again for defamation.”
The Bloomberg report claimed that Binance had developed the original Code of Knowledgeable Contract for USD, Stablecoin issued by World Liberty Financial, a company associated with former President Donald Trump.
It also claimed that Zhao had submitted an application for presidential pardon shortly after the apply of $ 1 in a contract worth $ 2 billion with the participation of an investment of the ZAA Fund in Binance. Apparently, over 90% of USD1 tokens remain in Binance wallets, potentially generating tens of millions with annual interest revenues.
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False Binance Bloomberg claims
Tweet Zhao referred to the previous legal dispute with Bloomberg, combining an apology from July 2024 from the Chinese edition in the language of publication.
The statement withdrew the article from 2022, accused of Binance of conducting the Ponzi scheme, calling the headline “false and unfounded”. At that time, Bloomberg agreed to make a donation for charity instead of paying compensation.
Zhao pleaded guilty for one crime within the settlement with the US authorities in 2023. Although he had already held four months in prison, he said in May that he was looking for the presidential pardon of Trump. Such pardon may potentially allow Zhao to return to the managerial or operational role at the American cryptographic company.
Crypto Ventures Trump, including World Liberty Financial, his official contribution to the Memecoin and Crypto executive campaign has attracted control from American legislators since the office has been taken up.
Republican leaders in the Chamber are to consider three cryptographic accounts, including the Genius Act, which regulates Stablecoins payments. The bill was adopted by a Senate with bilateral support despite the initial democratic opposition from Trump’s cryptocurrencies.
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Zhao beef with WSJ
In April, Zhao also rejected the Wall Street Journal report, which claims that he agreed to provide evidence against the founder of Tron Justin Sun as part of an agreement with the Department of Justice of the United States.
“WSJ really tries here. It seems that they have forgotten who went to prison and who did not” – wrote Zhao in the post of April 12. “People who have witnessed the government do not go to prison. They are protected. I have heard that someone paid WSJ employees for smearing me.”
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