Binance co-founder and former CEO Zhao Changpeng (CZ) countered a report from the Wall Street Journal, calling it an 'offensive article' filled with falsehoods and negative assumptions.
On social media, Zhao criticized the article for portraying him as a participant in a global free finance project related to President Trump. Trump's sons Eric and Donald Jr. are involved in the company's management.
Zhao stated that he is not the 'intermediary' for the project and denied the article's depiction of him facilitating connections during his overseas travels.
The report also mentioned that Zhao may be trying to get closer to the Trump administration and suggested he seeks a pardon from the Trump administration to clear his name regarding earlier money laundering cases.
Regarding WSJ's report on Steve and Zach Witkoff.
The article pointed out the blurred lines between public and private interests, emphasizing the business interests of the two founders related to cryptocurrency. Steve Witkoff is a Middle East envoy for the Trump administration, while Zach Witkoff was involved in a $2 billion cryptocurrency deal mentioned in a report.
Additionally, Zhao criticized the Wall Street Journal as a 'mouthpiece' for anti-cryptocurrency forces in the U.S., accusing it of attempting to hinder the U.S. from becoming a hub for cryptocurrency capital.
Zhao responds to WSJ's attacking remarks.
Zhao accused the Wall Street Journal of deliberately presenting false and negative assumptions, stating that its article is based on an incorrect narrative.
Zhao Changpeng previously rebutted the WSJ report about his dealings with Tron founder Justin Sun, claiming such reports are an attempt to smear him for a price.