World Liberty Financial (WLFI) co-founder Zak Folkman (@zakfolkman) issued a statement via the official X account, refuting a recent article from the Wall Street Journal that was 'full of fiction, misleading information, and political bias.' Folkman pointed out that the report aimed to discredit honest entrepreneurial activities through false narratives and insinuations.
Folkman clarified:
WLFI was established months before President Trump's re-election.
Ambassador Steve Witkoff is completely divesting his shares in WLFI and is not involved in the company's operations or financial decisions.
He personally traveled to Pakistan to explore collaboration opportunities with private friend Bilal bin Saqib, a relationship that predates the so-called 'Pakistan Crypto Committee' or the cryptocurrency headlines the WSJ is attempting to portray, and CZ did not introduce them.
WLFI has never discussed government business anywhere, nor has it coordinated with the U.S. government.
The claim that WLFI's token sales allow 'undisclosed foreign influence' is false; every token sale complies with Reg D and Reg S regulations and conducts KYC on every purchaser.
Gentry Beach is not related to WLFI.
WLFI does not claim that any transaction 'may assist the expansion plans of U.S. partners'; that quote is fictional.
Zach Witkoff's assertion that President Trump is his 'godfather' is absurd; as a Jew, he has no godparents and would not say such a thing.

#CZ