Changpeng “CZ” Zhao, former CEO of Binance, has denied claims that he agreed to offer proof against Tron founder Justin Solar as a part of a plea deal with america Division of Justice (DOJ).
In an April 11 report, The Wall Road Journal cited unnamed sources alleging that CZ had agreed to testify against Solar below the phrases of his settlement with US prosecutors.
“As a part of Zhao’s plea deal, he agreed to offer proof on Solar to prosecutors,” an “association” that “hasn’t beforehand been reported,” the WSJ report acknowledged, citing sources aware of the matter.
“WSJ is actually TRYING right here. They appear to have forgotten who went to jail and who did not,” Zhao wrote in an April 12 X post. “Individuals who turn into gov witnesses don’t go to jail. They’re protected. I heard somebody paid WSJ workers to smear me.”
Supply: Changpeng Zhao
CZ was sentenced to 4 months in prison in April 2024 for Anti-Cash Laundering (AML) violations. He walked free from federal prison on Sept. 27 because the wealthiest individual to ever serve a US jail sentence, with a $60 billion web value on the time.
In a separate April 11 post, CZ claimed a number of people had warned him in regards to the Journal’s intentions to publish what he described as a “hit piece.”
Supply: Justin Sun
Solar stated he was “not conscious of the circulation rumors,” calling CZ his “mentor and shut good friend,” Cointelegraph reported on April 11.
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“Some gamers are lobbying against us once more within the US” — CZ
CZ additional speculated that the report could possibly be linked to lobbying efforts against him and his former firm.
“I additionally heard some rumors about some gamers ‘lobbying’ against us once more within the US,” CZ said.
Cointelegraph has approached CZ for extra particulars on the lobbying claims.
In November 2023, Zhao stated that “FTX sought regulatory ‘crack down’ on Binance to extend market share,” citing a Federal Newswire report.
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Zhao’s feedback come over a month after crypto donations raised affect considerations amongst trade individuals.
Crypto firms spent over $134 million on the 2024 US elections in “unchecked political spending,” which presents some important challenges, Cointelegraph reported on March 10.
Fairshake donations. Supply: politicalaccountability.web
“Whereas the businesses making these contributions could also be looking for a positive regulatory setting, these political donations additional erode public belief and expose corporations to authorized, reputational, and enterprise dangers that can’t be ignored,” in keeping with a March 7 report by the Middle for Political Accountability (CPA).
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Cointelegraph by Zoltan Vardai CZ claps back against ‘baseless’ US plea deal allegations cointelegraph.com 2025-04-12 13:52:27
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