In a shocking development in the crypto world, Binance founder Changpeng Zhao (CZ) unexpectedly reposted a tweet from Matt Wallace, who accused Coinbase of being the “anonymous source” behind damaging reports targeting President Donald Trump’s crypto project — World Liberty Financial — and Binance itself.

The post, shared with Wallace’s 2.3 million followers on July 13, reads:

“Coinbase panicked upon learning that a pardon for CZ might be under consideration. With their high fees and poor customer service, Coinbase executives feared that Binance’s return to the U.S. would severely cut into their market share.”

A conspiracy to eliminate rivals?

According to sources cited by Wallace, Coinbase acted as the anonymous informant for media outlets in an attempt to exert pressure on both Binance and World Liberty Financial, a crypto project allegedly linked to President Trump. The goal, Wallace claims, was to block any potential pardon for CZ — thus preventing Binance from making a legal comeback in the U.S. market.

Binance remains the world’s largest crypto exchange by trading volume despite ongoing legal troubles. A return to the U.S. under a crypto-friendly Trump administration could threaten Coinbase’s domestic dominance, especially as more American users complain about high fees and subpar service.

Wallace raised the question:

“Will Coinbase come forward and own up to their actions — and face the consequences?”

The ghost of FTX and CZ’s prophetic tweet?

Adding fuel to the fire, CZ had previously retweeted a 2022 post from CoinDesk reporting on the fraud scandal involving FTX founder Sam Bankman-Fried. Ultimately, Sam was sentenced to 25 years in prison. The question now looms: Is CZ “prophesying” a similar downfall for those behind political plots?

The tweet, rich in symbolism and timing, has sparked speculation that CZ may possess undisclosed information — possibly even evidence — of a secret power play among crypto titans and political forces in the United States.