The founder of the throne, Justin Sun, says that he is not aware of the last rumors regarding the former general director of Binance Changpeng “Cz” Zhao, after reports that claim that Zhao provided evidence against him under an agreement with the Department of Justice of the USA (US).
“I don’t know circulating rumors. CZ is both my mentor and my close friend,” Sun he said In the post of April 11.
The sun brushes rumors
“He played a key role in supporting me during my entrepreneurial journey,” added Sun.
Sun’s X Post appeared only a few hours after speculation increased during April 11 Wall Street Journal reportwho claimed that Zhao agreed to present evidence of the Sun under his allegation agreement, citing sources familiar with this case.
Source: db
Zhao was sentenced to four months in prison in April 2024 for violating money laundering (AML).
The report added: “This determination has not been reported before.”
Zhao did not publicly address the reports at the time of publication, but the day before, he warned His 10 million watching X, which he was told, “an unfounded song” about him was written.
Sun praised Zhao’s integrity and said that Denie is one of the T3 Financial Crime Unit (T3 FCU)-which the throne was a co-founder with Tether and TRM Labs-“the closest and most trusted partners”.
“To this day, his behavior and rules remain the highest standard that I try to follow the founder,” said Sun about Zhao. The sun was added:
“Regardless of whether it is CZ or our partners in Doj, we keep direct, fair communication all the time. I have full confidence in each of them.”
Zhao left the federal prison in the USA on September 27. With a reported net value of around $ 60 billion then, Zhao is the richest person who has ever been imprisoned in the USA.
Source: Justin Sun
Meanwhile, on February 26, the American Commission of Securities and Stock Exchange and Sun asked the Federal Court to stop the case of the regulatory body against crypt entrepreneur to enable settlement talks.
In March 2023, SEC sued Sun and three of his companies, an entity behind the throne, Tron Foundation and a platform for sharing Bittorrent Foundation files and its parent company with the headquarters in San Francisco, Rainberry Inc.
Cointelegraph contacted the US Department of Justice, but did not receive a response to the publication time.
