The report raised questions about whether diplomatic efforts overlapped with private crypto ventures, and implied Zhao may have been attempting to curry favor with the Trump administrationOn May 6, Zhao confirmed that he is seeking a pardon from the Trump administration for his earlier money laundering conviction. The report also highlighted that WLFI, which raised over $600 million in token sales, does not disclose the names of all its investors aside from some publicly known ones like Tron founder Justin Sun, who attended Trump’s memecoin dinner on May 22. Trump hosted the dinner for the largest investors of his Official Trump (TRUMP) memecoin.
Related: Binance scores legal win as UK court partially dismisses Bitcoin SV lawsuitZhao claims the WSJ report is an “attack” on crypto Zhao claimed the WSJ submitted a list of questions containing what he described as “wrong and negative assumptions.” He and his public relations team responded by pointing out several factual inaccuracies, he said, but concluded that the article was “built on a flawed narrative.”Zhao slammed the WSJ, calling it a “mouthpiece” for anti-crypto forces in the United States.
Binance co-founder and former CEO Changpeng “CZ” Zhao has pushed back against a report in The Wall Street Journal, calling it a “hit piece” filled with inaccuracies and negative assumptions. In an X post, Zhao criticized the publication’s portrayal of his alleged involvement with World Liberty Financial, the decentralized finance project backed by a business entity affiliated with US President Donald Trump.
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Author / Journalist: Cointelegraph by Ezra Reguerra
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