Crypto Ahmet
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CZ Responds to Bloomberg: "Another Sponsored Attack Full of Lies"
Binance co-founder and former CEO Changpeng “#CZBİNANCE ” Zhao harshly criticized Bloomberg’s extensive report on the Trump-linked stablecoin USD1. CZ stated that the report contained “FUD” (spreading fear, uncertainty, and doubt) and hinted that he might file another lawsuit against Bloomberg. This development has generated significant buzz in both the crypto world and political circles.
#Bloomberg Allegations: Is CZ Linked to Trump’s Stablecoin?
A Bloomberg investigation document published on Friday alleged that Binance wrote the original smart contract code for the USD1 stablecoin. The report also stated that CZ requested a pardon from the US President after the stablecoin was issued by World Liberty Financial, a company known for its close ties to Trump.
Furthermore, the report indicates that over 90% of USD1’s supply is currently held in Binance wallets. This could result in Binance earning tens of millions of dollars in annual interest income.
CZ Responds Sharply: "Another Sponsored Attack Full of Lies"
Following the news, CZ issued a statement on X (formerly Twitter), saying:
"I might have to file another lawsuit. This is another smear article sponsored by a rival. It contains so much misinformation that I don't even know where to begin."
CZ also shared an apology he published in the Chinese version of Bloomberg in July 2024, recalling a reputational lawsuit he won against Bloomberg. The apology acknowledged that a 2022 article accusing Binance of operating a Ponzi scheme was "false and baseless," and Bloomberg agreed to make a donation in lieu of compensation.
Criminal History: CZ's 2023 US Court Case
As you may recall, CZ admitted to violating US money laundering laws in 2023. As a result of this case, he received a four-month prison sentence and paid a $50 million fine. This incident marked the beginning of Binance's efforts to become more compliant with global regulations.
A Similar Allegation Has Come Up Before
This latest crisis isn't the first time CZ has clashed with the media. In April 2025, the Wall Street Journal alleged that CZ was collaborating with US prosecutors on 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 smear."
Political Background: Trump, Crypto, and USD1
Another striking detail in the Bloomberg report is the portrayal of USD1 as a Trump-backed stablecoin. According to the report, the token was recently used in a $2 billion investment deal, which involved a United Arab Emirates-based fund acquiring a stake in Binance.
These developments come as Trump's interest in crypto has resurfaced alongside the election campaign. Trump had garnered support from the crypto community in recent months with his statement, "We will not ban Bitcoin."
Conclusion: Tensions Escalate, Legal Process on the Agenda
CZ's statement that he may 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
#Bloomberg Allegations: Is CZ Linked to Trump’s Stablecoin?
A Bloomberg investigation document published on Friday alleged that Binance wrote the original smart contract code for the USD1 stablecoin. The report also stated that CZ requested a pardon from the US President after the stablecoin was issued by World Liberty Financial, a company known for its close ties to Trump.
Furthermore, the report indicates that over 90% of USD1’s supply is currently held in Binance wallets. This could result in Binance earning tens of millions of dollars in annual interest income.
CZ Responds Sharply: "Another Sponsored Attack Full of Lies"
Following the news, CZ issued a statement on X (formerly Twitter), saying:
"I might have to file another lawsuit. This is another smear article sponsored by a rival. It contains so much misinformation that I don't even know where to begin."
CZ also shared an apology he published in the Chinese version of Bloomberg in July 2024, recalling a reputational lawsuit he won against Bloomberg. The apology acknowledged that a 2022 article accusing Binance of operating a Ponzi scheme was "false and baseless," and Bloomberg agreed to make a donation in lieu of compensation.
Criminal History: CZ's 2023 US Court Case
As you may recall, CZ admitted to violating US money laundering laws in 2023. As a result of this case, he received a four-month prison sentence and paid a $50 million fine. This incident marked the beginning of Binance's efforts to become more compliant with global regulations.
A Similar Allegation Has Come Up Before
This latest crisis isn't the first time CZ has clashed with the media. In April 2025, the Wall Street Journal alleged that CZ was collaborating with US prosecutors on 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 smear."
Political Background: Trump, Crypto, and USD1
Another striking detail in the Bloomberg report is the portrayal of USD1 as a Trump-backed stablecoin. According to the report, the token was recently used in a $2 billion investment deal, which involved a United Arab Emirates-based fund acquiring a stake in Binance.
These developments come as Trump's interest in crypto has resurfaced alongside the election campaign. Trump had garnered support from the crypto community in recent months with his statement, "We will not ban Bitcoin."
Conclusion: Tensions Escalate, Legal Process on the Agenda
CZ's statement that he may 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
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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