The co -founder of Binance and former CEO Changpeng “CZ” Zhao has rejected a recent Bloomberg report that links it with a stable issued by World Liberty Financial (WLF), one of the cryptographic businesses linked to the president of the United States, Donald Trump.
In an X publication that responded to the investigation, Zhao described the article as “successful foot (sponsored by a competitor)” full of “so many errors of fact” that is “does not know where to start.” Hello, he added: “I could have to sue them again for defamation.”
Bloomberg’s report said Binance developed the original smart contract code for USD1, a Stablcoin issued by World Liberty Financial, a company affiliated with former President Donald Trump.
He also claimed that Zhao requested a presidential forgiveness shortly after the USD1 was used in a $ 2 billion agreement that involves the investment of a fund with headquarters in the EAU in Binance. According to reports, more than 90% of USD1 tokens remain in binance wallets, potentially generating tens of millions in annual interest revenues.
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False Binance of Bloomberg Ponzi affirms
Zhao’s tweet referred to a previous legal dispute with Bloomberg, which is linked to an apology from July 2024 of the Chinese language edition of the publication.
The statement was retracted from a 2022 article accusing the operation of a Ponzi scheme, calling the “false and foundation” holder. At that time, Bloomberg agreed to make a charitable donation instead of paying damage.
Zhao declared himself guilty of a serious crime as part of an agreement with the US authorities in 2023. Athight had turned four months in prison, he said in May that it was a presidential forgiveness of Trump. Such forgiveness could allow Zhao to return to a managerial or operational role in a Cryptography business of the US.
Trump cryptocurrencies, including World Liberty Financial, their official memecoin, and the contributions of the executive cryptography campaign, have attracted the scrutiny of US legislators since before doing a position.
Republican leaders in the Chamber will consider three cryptographic bills, including the Genius Law, which regulates the payment stable. The bill approved the Senate with bipartisan support despite the initial democratic opposition due to Trump’s cryptographic interests.
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Zhao Beef with WSJ
In April, Zhao also dismissed a report from the Wall Street Journal that said he had agreed to provide evidence against the founder of Tron, Justin Sun, as part of a PLAA agreement with the United States Department of Justice.
“WSJ is really trying here. They seem to have forgotten who went to prison and who not,” Zhao wrote in a April 12 publication. “People who become a government witnesses do not go to prison. They are protected. I heard someone who paid WSJ employees to give off.”
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