Changpeng Zhao, the founder and former CEO of Binance, has rebutted a recent article in The Wall Street Journal (WSJ) claiming he is acting as a "fixer" for World Liberty Financial (WLFI), a DeFi venture linked to the Trump family.

The WSJ report alleges Zhao facilitated WLFI's operations abroad, including activities in countries like Pakistan. However, in a post on May 23 on X, Zhao stated that this article was misleading and accused the publication of deliberately distorting the truth to fit the narrative.

The 'Fixer' Allegations

The former CEO of Binance responded to questions in the report stating that he had arranged an introduction between Bilal Bin Saqib, the head of the Pakistan Cryptocurrency Council, and WLFI.

The article points out that this connection led to Saqib being appointed as an advisor to the group and signing a memorandum of understanding with the Pakistani government.

However, Zhao has denied these alleged connections and said:

"I am not a fixer for anyone. I did NOT 'connect Mr. Saqib with the WLF group.' They have known each other for a long time, while I only met Mr. Saqib for the first time in Pakistan. I did NOT make any 'introductions for the overseas trips of World Liberty.'"

The former CEO of Binance also denied allegations that he played a role in organizing WLFI's overseas visits, adding that this report was based on false premises. He noted:

"If you make a few factual mistakes, you can fix them. When you fabricate a story with negative intent from the start, there’s no way to correct 'the inaccuracies.' That’s the whole story."

Zhao of Binance Vs. WSJ

This is the latest dispute between Zhao and WSJ over reports that he deems misleading about him.

In April, Zhao dismissed allegations that he had agreed to cooperate against Justin Sun as part of a plea deal with U.S. authorities. He also denied earlier reports suggesting that President Trump sought to invest in Binance.

In light of this, the Binance founder likened WSJ's reporting approach to the Cunningham Law, whereby the best way to get the correct answer is to publish the wrong answer.

But Zhao mocked the traditional media when he said:

"WSJ instead of doing journalism is applying the Cunningham Law for negative purposes... This is NOT how journalism should operate."

He also concluded that the stories on WSJ are being used by anti-crypto groups to undermine the industry, global leaders, and pro-crypto movements in the U.S.

He said:

"WSJ is just a mouthpiece. There are forces in the United States that want to hinder efforts to make the U.S. the capital of cryptocurrency."