WSJ’s Hit Piece on Crypto: Sloppy Journalism or Hidden Agenda? 👎🏻
The Wall Street Journal (WSJ) recently published an article with misleading claims about Changpeng Zhao (CZ), the founder of Binance, portraying him as a “fixer” for World Liberty Financial (WLF) in their international dealings. CZ was questioned by WSJ with a list of assumptions riddled with inaccuracies, like claiming he connected WLF with a Pakistani adviser or facilitated their foreign travels. CZ refutes these, stating he’s not a fixer, didn’t make those connections, and only met the adviser in question once. He argues WSJ’s approach isn’t about fixing minor errors but pushing a narrative with negative intent, aligning with forces in the US aiming to undermine crypto’s growth and attack its leaders.
This smells like a deliberate attempt to stir up trouble rather than real journalism. WSJ’s questions seem loaded, like they were fishing for a story they’d already written in their heads. Cunningham’s Law—posting wrong info to get attention—fits here, but it’s a lousy way to do reporting. It’s frustrating to see a big outlet like WSJ play fast and loose with facts, especially when it feels like part of a bigger push to paint crypto in a bad light. If they’re going to throw shade at CZ or crypto, they should at least get their story straight. This kind of sloppy hit piece just fuels distrust in media and makes it harder for crypto to get a fair shake.
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