Binance co-founder and former CEO Changpeng Zhao accused the Wall Street Journal (WSJ) of targeting him and the cryptocurrency industry, saying that the U.S. “troop” is trying to hinder the country’s efforts to grow the industry.
CZ denies “repairer” claim
On Friday, Zhao (also known as CZ) criticized WSJ, criticizing another alleged anti-Creputo “hot work.” Binance co-founder Bing X expressed disappointment in the news media media because they resorted to “Cunningham’s law with negative intentions” rather than “doing news.”
Zhao explained that a few days ago, WSJ contacted him through the PR team to ask “a long list of questions with errors and negative assumptions.” These problems are reportedly “with many inaccurate and unfounded inferences,” Zhao’s team noted.
Zhao slams The WSJ's article. Source: CZ on X
The WSJ article claims Zhao helped “promote” some introductions to foreign travel by Crypto Venture, a Trump Family World Free Finance (WLFI), named Zach Witkoff, one of the company’s co-founders.
A WLFI spokesperson affirmed that Zhao and Zach Witkoff were friends, but the Binance founder “is not a fixed person.” In response to these claims, CZ shared a clip of the original question sent to him, confirming that he was a “repairer” of the WLFI co-founder:
“We understand that CZ has been serving as effectively a fixer for Zach Witkoff and the WLF team in their foreign travels … In recent months, CZ has met with government officials from Pakistan, Malaysia and Kyrgyzstan … We understand that CZ then connected Mr Saqib with the World Liberty Financial team, and a week later after his visit, World Liberty named Mr Saqib an adviser. On April 26, the WLF team arrived in Pakistan to sign a memorandum of understanding with the government.transparent
Zhao denied any introduction to the foreign travel of free of the world and said: “I am not a restoration to anyone. I did not ‘connect Mr. Sakib with the WLF team'”. He explained that unlike him, Mr. Vitkov and Mr. Sakib already knew each other and they only “meeted Mr. Sakib for the first time in Pakistan”.
Force “targeting” the US cryptocurrency industry
The founders of Binance believe that U.S. forces are working to “hinder the U.S. being the capital of cryptocurrency” in an attempt to attack the industry, its global leader and pro-Cretto administration. He confirmed, “WSJ is just a mouthpiece.”
In context, the report raises concerns about “extraordinary blurring of government negotiations and private business dealings” and claims it is “a rewrite of diplomatic scripts for some foreign countries that hope to attract with the new Trump administration.”
WSJ believes that father and son duo Steve Witkoff and Zach Witkoff may help blur the incumbent government’s private corporate and public responsibilities, highlighting recent deals by World Free Finance (WLFI) to achieve a $2 billion investment in MGX.
David Wachsman, a spokesman for WLFI, told WSJ that the company’s business deals had nothing to do with the U.S. government and certainly the company “has not even the ability or insight to discuss official government business.”
He added that it is incorrect to “try to frame the WLFI and Witkoff ambassadors to meet in the same country with some kind of conflict of interest.” It is worth noting that Steve Witkoff is the U.S. envoy to the Middle East and one of the co-founders of WLFI.
WSJ also noted that a previous article claimed that Witkoff seniors were allegedly involved in talks between the Trump family and Binance. According to Bitcoiners, the article notes that since 2024, representatives of the family of U.S. President Donald Trump have held talks to acquire the financial interests of Binance US.
This is part of a plan for the Global Exchange to be suspected of returning to the United States and obtaining a formal pardon for its former CEO. However, CZ denied the “pardon” charge and noted: “The WSJ article misunderstood the facts.”
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