In a shocking turn of events in the cryptocurrency world, Binance founder – Changpeng Zhao (CZ) – unexpectedly retweeted a post from Matt Wallace, who accused Coinbase of being the 'anonymous source' behind negative reports targeting President Donald Trump's crypto project – World Liberty Financial – and the Binance exchange.
The post shared with 2.3 million followers on July 13 states:
"Coinbase panicked upon learning that a pardon for CZ might be under consideration. With high fees and poor customer service, Coinbase's leadership fears that Binance's return to the U.S. will lead to a significant loss of market share."
Conspiracy to eliminate rivals?
According to sources cited by Wallace, Coinbase has acted as an anonymous information provider for media organizations to exert pressure on both Binance and World Liberty Financial, a crypto project believed to be closely linked to President Trump. The goal is said to be to prevent CZ from receiving a presidential pardon, paving the way for Binance to return to the U.S. market legally.
Binance remains the largest cryptocurrency exchange in the world by trading volume, despite legal issues. The prospect of Binance returning to the U.S. – with the support of a crypto-friendly administration like Trump's – could cause Coinbase to lose its domestic monopoly, especially as many U.S. users increasingly complain about high fees and poor experiences on this platform.
Wallace raises the question:
"Will Coinbase dare to publicly admit this action and face the consequences?"
The ghost of FTX and CZ's retweet?
One detail that has excited the community even more is the fact that CZ once retweeted a post from CoinDesk in 2022 about the fraud of Sam Bankman-Fried – the founder of FTX. In the end, Sam was sentenced to 25 years in prison. The question arises: Is CZ also 'predicting' the fate of those rivals behind political conspiracies?
The tweet reflects history and simultaneously launches a counterattack through imagery, leading many to believe that CZ is holding undisclosed information, possibly even evidence of a silent power play between crypto giants and U.S. political forces.
When crypto is no longer a technical story
This incident shows that the cryptocurrency world is no longer just a high-tech market but has become a battlefield of political conspiracies, enormous financial interests, and even national-level interference.
The prospect of Binance being 'pardoned' and returning to the U.S. under Trump 2.0, while rivals like Coinbase are suspected of 'playing dirty', could be one of the biggest dramas of 2025. And this is just the beginning.