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 Road Journal (WSJ) of publishing one other “hit piece” based mostly on false data and detrimental intent.

Detrimental 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 Regulation.” Zhao defined that a number of days earlier than the article was revealed, the corporate’s PR group had despatched him a number of questions based mostly on false assumptions.

“We instructed them there have been quite a few inaccuracies and unfounded inferences,” he wrote. The publication requested his group to establish the errors, however he defined {that a} story can’t be corrected when constructed on detrimental 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 recommended that he launched a Pakistani official, Mr. Saqib, to the WLF group.

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

Nonetheless, the previous change government 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 group, 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 recommended that the WSJ article was a part of a broader agenda to cease progress within the crypto business.

“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, world 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 searching for a presidential pardon.

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

Extra not too long ago, the previous CEO dismissed allegations from a separate information piece that stated he had agreed to supply proof in opposition to Tron founder Justin Solar as a part of a plea take care of the U.S. Division of Justice (DOJ).

CZ recommended the report could be tied to lobbying efforts aimed toward damaging his and Binance’s status. Solar additionally rejected the claims, saying he was unaware of such rumors and referred to Zhao as his “mentor and shut buddy.”