Here’s a rephrased version of the article:
Justin Sun Denies DOJ Cooperation Claims Involving CZ, Reaffirms Strong Ties with Former Binance CEO
Justin Sun, founder of Tron (TRX), has publicly refuted claims suggesting that former Binance CEO Changpeng Zhao (CZ) collaborated with the U.S. Department of Justice (DOJ) to provide information against him. The allegations surfaced in an April 11, 2024 report by The Wall Street Journal, which hinted that CZ’s involvement may have been linked to a plea deal aimed at reducing his sentence for money laundering.
While CZ has not directly addressed these allegations, he previously warned his followers on X (formerly Twitter) about an impending “baseless hit piece,” likely referring to the report in question.
Later that same day, Sun took to his official X account to deny the accusations, asserting there was no evidence to support the claims. He emphasized his continued trust in CZ, saying,
“I am unaware of these rumors. CZ is both a mentor and a friend. His support has been instrumental throughout my journey.”
Sun went on to underline the strong relationship and transparent communication he shares with CZ, stating,
“I fully trust CZ and our DOJ counterparts. Our dialogue has always been direct and honest.”
The Wall Street Journal report indicated CZ may have cooperated with the DOJ as part of an anti-money laundering (AML) plea agreement, which resulted in a four-month prison sentence. However, CZ has yet to issue a statement in response to the article.
The controversy has reignited speculation around the legal troubles facing both CZ and Sun. While Zhao’s plea deal is part of a broader investigation into Binance, Justin Sun continues to face unresolved fraud allegations from the U.S. Securities and Exchange Commission (SEC).
Despite ongoing legal challenges, Sun maintains confidence in his team and remains committed to his ventures and legal responsibilities.
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