Binance co-founder and former CEO, Changpeng '#CZBİNANCE' Zhao, harshly criticized Bloomberg's extensive report on the USD1 stablecoin linked to Trump. CZ stated that the report contained 'FUD' (spreading fear, uncertainty, and doubt) and suggested that he might file another lawsuit against Bloomberg. This development has generated a great uproar in both the crypto world and political circles.

#Bloomberg Allegations: Is CZ linked to Trump's stablecoin?

A Bloomberg research document published on Friday alleged that Binance wrote the original smart contract code for the USD1 stablecoin. The report also indicated that CZ sought a pardon from the U.S. president after the stablecoin was issued by World Liberty Financial, a company known for its close ties to Trump.

Additionally, the report indicates that more than 90% of the USD1 supply is currently held in Binance wallets. This could result in Binance earning tens of millions of dollars in annual interest income.

CZ responds forcefully: 'Another sponsored attack filled with lies'

Following the news, CZ issued a statement on X (formerly Twitter), saying:

"I might have to file another lawsuit. This is another defamatory article sponsored by a rival. It contains so much misinformation that I don't even know where to start."

CZ also shared an apology he published in the Chinese version of Bloomberg in July 2024, recalling a defamation lawsuit he won against Bloomberg. The apology acknowledged that a 2022 article accusing Binance of operating a Ponzi scheme was 'false and unfounded,' and Bloomberg agreed to make a donation instead of compensation.

Criminal history: CZ's case in U.S. court in 2023

As you may recall, CZ admitted to violating U.S. money laundering laws in 2023. As a result of this case, he received a four-month prison sentence and paid a fine of 50 million dollars. This incident marked the beginning of Binance's efforts to be more compliant with global regulations.

A similar allegation has arisen before

This latest crisis is not the first time CZ has had a confrontation with the media. In April 2025, the Wall Street Journal alleged that CZ was collaborating with U.S. prosecutors in a separate case against TRON founder Justin Sun. However, both CZ and Sun vehemently denied these allegations, claiming they were an 'attempt to divide and defame.'

Political context: Trump, crypto, and USD1

Another striking detail in Bloomberg's report is the portrayal of USD1 as a stablecoin backed by Trump. According to the report, the token was recently used in a $2 billion investment deal, which involved a UAE-based fund acquiring a stake in Binance.

These developments come as Trump's interest in cryptocurrencies has resurfaced alongside the election campaign. Trump has garnered support from the crypto community in recent months with his statement: 'We will not prohibit Bitcoin.'

Conclusion: Tensions rise, legal process on the agenda

CZ's statement that he might file another lawsuit suggests that tensions with the media will continue. This incident, which could have significant consequences for both his individual reputation and Binance's corporate image, is expected to trigger a new media and regulatory debate in the crypto sector.

#BTCBreaksATH #BinanceTurns8 #TRUMP