Changpeng Zhao, a co-founder of Binance, refuted allegations of helping World Liberty Financial in Pakistan.
According to WLFI co-founder Zak Folkman, international policies never dominated their conversations with government officials of Pakistan.
The claims originate from a Wall Street Journal piece alleging that CZ encouraged talks between WLFI and Pakistani government officials.
On Friday, World Liberty Financial (WLFI) rejected allegations by the Wall Street Journal (WSJ) that it used Binance founder Changpeng Zhao (CZ) to help with conversations during a business trip to Pakistan. The crypto initiative also refuted claims that it discussed issues pertaining to US government with Pakistani authorities.
World Liberty Financial and CZ of Binance challenge WSJ report
World Liberty Financial (WLFI) co-founder Zak Folkman and Binance founder Changpeng Zhao rejected a Wall Street Journal article claiming they worked together to enable talks between the DeFi platform and government officials of Pakistan.
CZ explained in an X post on Friday the story as a "hit piece" meant to raise awareness of Cunningham's Law, which advises posting the incorrect answer first as the best approach to get the correct response online.
CZ said he was asked multiple questions with "wrong and negative assumptions" during an interview with the WSJ's PR staff.
He also turned off the idea that he served as WLFI's "fixer," or facilitator, for overseas trips in Pakistan.
Likewise, Folkman attacked the WSJ report, claiming Binance and WLFI lacked a concerted campaign to advance the business in Pakistan.
The WLFI co-founder said he and his team visited Pakistan, where they met with Bilal bin Saqib, the country's top counselor for its crypto council, who Folkman said has been a long-time buddy.
Folkman rejected the claims made by the WSJ about Steve Witkoff, US ambassador to the Middle East, and his son Zach Wiitkoff's activities in line with building ties for the Trump presidency and WLFI.
He underlined that the corporation "never coordinated with the US government" and did not talk about foreign policy in Pakistan.
The WSJ has already published allegations that CZ has refuted, not this first time. After CZ said he was named a "strategic advisor" to the Pakistan crypto council, the journal claimed in April that the Binance founder provided information against Justin Sun in front of the US Department of Justice.
It was revealed in March that the Trump family has been negotiating with CZ to acquire a portion in Binance US.
CZ said the newspaper is a "mouthpiece" for "forces in the US," meant to prevent the nation from becoming as the global crypto capital.
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