CZ Denies ‘Fixer’ Role in World Liberty Financial Deals

Former Binance CEO Changpeng Zhao (CZ) has denied claims that he acted as a “fixer” in dealings involving World Liberty Monetary (WLF).

CZ is accusing the Wall Avenue Journal (WSJ) of publishing one other “hit piece” primarily based on false data and adverse intent.

Adverse Intentions and Inaccuracies

In a Could 23 X post, he claimed the media outlet’s reporting had turned into a textbook case of “Cunningham’s Legislation.” Zhao defined that a couple of days earlier than the article was printed, the corporate’s PR staff had despatched him a number of questions primarily based on false assumptions.

“We advised them there have been quite a few inaccuracies and unfounded inferences,” he wrote. The publication requested his staff to establish the errors, however he defined {that a} story can’t be corrected when constructed on adverse intentions from the beginning.

Among the many claims made in WSJ’s inquiry was that CZ had helped WLF organize conferences with authorities officers in Pakistan, Malaysia, and Kyrgyzstan. The article instructed that he launched a Pakistani official, Mr. Saqib, to the WLF staff.

Every week after his go to to the area, the crypto challenge named the person an adviser. Additional, the Journal emphasised that on April 26, the WLF staff traveled to Pakistan to signal an MOU with the federal government.

Nevertheless, the previous alternate govt has denied these claims. “I’m not a fixer for anybody,” he said. He additionally clarified that he didn’t join Mr. Saqib with the WLF staff, stating that they already knew one another. Zhao added that he had met the Pakistani official for the primary time throughout his keep within the nation.

The Binance co-founder additionally instructed that the WSJ article was a part of a broader agenda to cease progress within the crypto trade.

“There are forces within the U.S. that need to hinder efforts in making the U.S. the capital of crypto. They need to assault crypto, international crypto leaders, and the pro-crypto administration,” he claimed.

A Historical past of False Claims

This isn’t the primary time Zhao has accused WSJ of publishing false tales. In March, the newspaper shared that Trump’s household was in talks to put money into Binance.US and that the 48-year-old was looking for a presidential pardon.

On the time, he described the article as politically motivated, suggesting it was an try and undermine the president and the crypto trade. Nevertheless, he later acknowledged that he had formally utilized for clemency from Trump.

Extra just lately, the previous CEO dismissed allegations from a separate information piece that stated he had agreed to offer proof in opposition to Tron founder Justin Solar as a part of a plea cope with the U.S. Division of Justice (DOJ).

CZ instructed the report may be tied to lobbying efforts geared toward damaging his and Binance’s popularity. Solar additionally rejected the claims, saying he was unaware of such rumors and referred to Zhao as his “mentor and shut pal.”