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- Binance’s CZ criticized the WSJ for biased reporting and factual inaccuracies, emphasizing that he never facilitated introductions for WorldLiberty Financial or participated in its activities.
- He also accused the WSJ of being a “mouthpiece” for anti-crypto forces and of putting roadblocks to America’s crypto dominance.
A recent WSJ report has alleged that Binance co-founder Changpeng Zhao (CZ) has been involved as a ‘fixer’ for Donald Trump’s World Liberty Financial (WLF) and connected the crypto project with foreign entities. However, CZ has completely refused these allegations while calling out the publication’s misreporting.
Binance Founder CZ Denies Involvement in Trump-Affiliated Crypto Project
Binance founder and CEO Changpeng Zhao (CZ) has refuted allegations made in a recent Wall Street Journal (WSJ) report claiming his involvement in the Trump-affiliated crypto initiative, World Liberty Foreign (WLF).
Responding to the report, CZ categorically denied acting as a “fixer” for WLF, clarifying that he had no role in the project’s operations or connections to the officials mentioned. CZ criticized the WSJ’s claims, stating they were rooted in biased assumptions and contained factual inaccuracies. In a message on the X platform, CZ wrote:
I am not a fixer for anyone. I did NOT “connect Mr. Saqib with the WLF team”. They had known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan. I did NOT make any “introductions for World Liberty’s foreign travels.”
The Binance founder further referred to WSJ as “merely a mouthpiece” while adding that there are forces within the United States willing to hinder America’s efforts to become the “crypto capital” of the world. He further alleged that these forces are targeting the crypto industry, global crypto leaders, and the current pro-crypto administration, signaling a broader opposition to the sector’s growth and regulatory integration.
Responding to this, Bilal bin Saqib, who’s leading crypto adoption efforts for Pakistan, said: “Thank you, CZ, for setting the record straight. Let’s keep focusing on building a transparent and inclusive financial future for all”.
Zhao Controversies and Recent Projects
This is not the first time that the Binance founder has been subject to a hit job by media publications. As reported by CNF earlier, although Changpeng Zhao stepped down as Binance CEO in 2023 after pleading guilty to violating U.S. regulations, his influence over the exchange continues to spark debate within the crypto community.
Supporters commend Zhao for his pivotal role in shaping the cryptocurrency industry. Critics, however, argue that his ongoing influence is both reckless and problematic, raising concerns about the long-term stability and transparency of the platform.
Furthermore, Binance founder Changpeng Zhao has taken on a prominent advisory role with the Pakistan Crypto Council, marking a significant development in the country’s evolving financial landscape, as highlighted in our previous report.
