The co-founder of Binance, Changpeng “CZ” Zhao, refuted the allegations according to which he agreed to testify against the founder of Tron Justin Sun within the framework of the conditions of settlement in his agreement with the United States Ministry of Justice.
“WSJ really try here” – Co -founder of Binance
According to a Wall Street Journal’s April 11 report, CZ agreed to provide evidence against Sun as part of its advocacy agreement with the United States Ministry of Justice. Citing anonymous sources, the WSJ has also alleged that Binance leaders will put pressure on the US Treasury to reduce its supervision of exchange operations.
In an article on the social media platform X, CZ wrote that “WSJ really tries here”, minimizing the statements made in the report. According to the co-founder of Binance, he would not have served any prison sentence, assuming that he has indeed become a witness to the government and provided information on Sun.
Zhao knew that the report was coming, because he has already indicated that the “WSJ wrote another successful success” in an article on April 11 on X. In the last article, CZ reiterated his belief on the artificially motivated report, saying that someone had paid the Wall Street Journal to carry out a defamation campaign against him.
Source: @cz_binance on X
In a response to the founder of Blocktower Capital Ari Paul, CZ clarified the accusations brought against him by the Doj.
Zhao said:
To be clear, there was no charge of “money laundering” or “fraud”. You confuse the “fight against money laundering” with “money laundering”. One is an inability to warn / police. We do it yourself. Two very different things.
CZ was sentenced to four months in prison in April 2024 after pleading guilty to violations of fighting money laundering (AML) as CEO of Binance. The co-founder was released from American federal prison in September 2024 and has since been involved in other efforts in and outside the cryptocurrency industry.
Justin Sun minimizes the rumor of advocacy transfer CZ
In an article on X, Sun tried to play WSJ’s allegations against CZ, saying that he was not aware of rumors in circulation. “CZ is both my mentor and a close friend – he played a crucial role while supporting me during my entrepreneurial trip,” said the founder of Tron.
Sun also argued that he had a direct and honest communication line with the CZ and the United States Ministry of Justice. He pointed out by mentioning that the DoJ is one of the nearest and most reliable partners of T3 Financial Crime Unit (T3 FCU) – a blockchain security initiative co -founded by Tron, Tether and Trm Labs.
The price of BNB on the daily timeframe | Source: BNBUSDT chart on TradingView
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