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Recent reports have sparked speculation regarding the potential acquisition of Binance US shares through WLFI, with sources close to the matter claiming that discussions had stalled. However, Binance founder Changpeng Zhao (CZ) has come forward to categorically deny these allegations, dismissing the claims as entirely false.
CZ Responds to Binance-Trump Rumors
In a recent statement, CZ refuted The Wall Street Journal’s (WSJ) report, which suggested that Binance executives were considering a strategy similar to Justin Sun’s. Sun allegedly invested tens of millions of dollars in WLFI, leading to speculation that he was seeking legal relief from allegations against him.
According to WSJ, the SEC had requested the suspension of its fraud lawsuit against Sun and his companies. A source familiar with the discussions suggested that Binance executives explored a similar course of action after Sun’s investment. However, CZ was quick to shut down these claims, emphasizing that no such discussions had taken place.
CZ’s Official Statement
Addressing the allegations, CZ stated:
“I’m sorry to disappoint, but the WSJ article has misrepresented the facts. Over 20 people have asked me if I can confirm that WSJ (and another media outlet) reached out to them to verify if ‘CZ had made a deal for a pardon.’ If 20 people contacted me, they must have asked hundreds. Essentially, they went to great lengths to fabricate a story for the sake of publishing an article.
The truth is, I have not spoken to anyone regarding a Binance US deal.
No convicted individual receives a pardon, especially when I remain the only person in US history sentenced to prison over a single BSA violation.
The article appears to be politically motivated as an attack on both the President and the crypto industry. The lingering ‘war on crypto’ forces from the previous administration are still at play.
Nevertheless, I remain committed to making crypto great everywhere in the US and globally.
And ironically, even WSJ acknowledges that I should be pardoned.”
Following CZ’s statement, Binance Coin (BNB), which had surged past $600, saw a pullback to the $575 range. The market reaction highlights the ongoing uncertainty and speculation surrounding Binance and its leadership.
As Dey There continues to track these developments, it remains to be seen how these allegations will impact Binance’s future and the broader crypto landscape.
