Binance CEO Changpeng ‘CZ’ Zhao is calling on mainstream media to spread the false narrative about him and binance us.
The Wall Street Journal (WSJ) has released a report claiming Trump’s family is discussing financial transactions with US vinance and that CZ had sought a presidential pardon after legal issues in the US.
CZ said back to X’s post today that the story is completely fake and accusing the media of trying to manipulate the public’s perception of code and Trump’s administration.
The WSJ article allegedly discussed Trump’s family betting on our bets. Last year, Binance said it was aiming to reach out to Trump’s allies and re-enter the US market after legal issues with the company.
The report suggests that the deal may have passed World Liberty Financial (WLF), a Trump family-linked crypto venture that began in September.
The article also said that longtime Trump associate Steve Witkov, who is now his top Middle Eastern Ukrainian negotiator, was involved in the debate.
However, the administrative authorities denied this, saying Witkov had already sold out of his business interests, and the WSJ could not provide concrete evidence that the consultations led to actual transactions.
CZ closes claims and calls Bloomberg and WSJ
CZ wasted no time responding. He took him to X and said he had shut down the WSJ report completely, fake it, and that the journalists behind it were eager to find the scandal.
“I’m sorry for being disappointed,” writes CZ. “The WSJ article was wrong. Over 20 people told me they were asked by the WSJ (and another media) if they could confirm that I had made some kind of deal for pardon. They asked perhaps hundreds of people to win 20 people to reach out to me. They tried so hard to create a story to report,” CZ wrote.
He made it clear that we have never signed anyone, adding that felons will not refuse pardon, especially given that he is the only person in US history offering a single BSA fee time.
He also pointed out that the story appears to be politically motivated, suggesting it was an attack on Trump and the code.
“I feel like this article is motivated as an attack on the president and the code. The rest of the power of the “crypto war” from the last administration is still at work,” CZ said.
Bloomberg then followed up its own report and filed similar vague allegations. But CZ also called them. “Bloomberg was the ‘another media’ of my previous post. They just released an unfounded hit after WSJ, with statements like, “It’s not clear what stage the debate has reached or whether it will lead to deals or ventures.” ”
“The substance of the meeting with Zhao is not clear.” They essentially admitted that their entire article was purely imaginary. What has this turned out to be “news”? ”
He also denied any connections with the people mentioned in the world’s Liberty Financial and WSJ articles. “Fact: I/Binance has no business dealings with WLF or the people mentioned in their articles. They also did not buy WLF coins.”
CZ reminds Bloomberg of the history of false reports
CZ had the opportunity to remind everyone about Bloomberg’s track record of false reports about him. In July 2024, Bloomberg had to make a formal apology after CZ sued them for honour loss.
The lawsuit comes from a 2022 article in the Chinese version of Bloomberg BusinessWeek, which mistakenly claimed that CZ was implementing the Ponzi scheme.
“In my 250th issue (July 6, 2022), I made the terrible mistake of publishing a cover page with a false, unfounded headline,” read Bloomberg’s apology.
“We were wrong to write “Changpeng Zhao’s Ponzi scheme.” Bloomberg acknowledges, retracts and apologises this offensive statement without reservation for the harm and pain caused to Zhao and Binance, the organisations he founded.
However, CZ pointed to hypocrisy about how Bloomberg treated the apology. Instead of publishing it in the same prominent way as the original misreport, Bloomberg buried the apology on the company’s website.
“They published false claims on the cover of the magazine, but their apology was hidden on the websites of their Hong Kong companies,” CZ noted. He also revealed that the original headline had been changed after filing the lawsuit.
“The English version of the magazine cover asked, “Can I stand in the cold?” However, the Chinese version stated “Zhao’s Ponzi scheme.” After we filed the lawsuit, they changed it to a “mystical CZ,” argued Binance co-founder.
Even in their apology text, Bloomberg carefully avoided mentioning his name.
“Their English apology doesn’t even even say ‘Bloomberg’. But when Google translates the Chinese version, “Bloomberg BusinessWeek/Chinese Edition Apology Notice” is clearly on the top,” CZ said.
Despite all this, Bloomberg still publishes what CZ calls a baseless hit to him. “Even after those two years of legal battle, they’re still working on it.”
To close his post, CZ took the final jab at both WSJ and Bloomberg, pointing out: Inshara! ”
