Justin Sun ‘not aware’ of circulating reports about CZ plea deal

Tron founder Justin Sun says he’s unaware of the latest rumors surrounding former Binance CEO Changpeng “CZ” Zhao, following reports alleging that Zhao supplied proof in opposition to him as half of his plea deal with the US Division of Justice (DoJ).

“I’m not conscious of the circulating rumors. CZ is each my mentor and an in depth good friend,” Sun said in an April 11 X submit.

Sun brushes off CZ rumors

“He has performed a vital position in supporting me throughout my entrepreneurial journey,” Sun added.

Sun’s X submit got here simply hours after hypothesis grew over an April 11 Wall Road Journal report, which alleged that Zhao agreed to offer proof on Sun as half of his plea deal, citing sources accustomed to the matter.

Zhao was sentenced to 4 months in prison in April 2024 for Anti-Cash Laundering (AML) violations.

The report added, “that association hasn’t beforehand been reported.”

Zhao hasn’t publicly addressed the reports on the time of publication, however the day earlier than, he warned his 10 million X followers that he had been instructed a “baseless hit piece” about him was being written.

Sun recommended Zhao’s integrity and stated that the DoJ is one of T3 Monetary Crime Unit’s (T3 FCU) — which Tron co-founded together with Tether and TRM Labs — “closest and most trusted companions.”

“To at the present time, his conduct and ideas stay the best customary I attempt to comply with as a founder,” Sun stated of Zhao. Sun added:

“Whether or not it’s CZ or our companions on the DOJ, we preserve direct, sincere communication always. I’ve full belief in every one of them.”

Zhao walked free from a US federal prison on Sept. 27. With a reported internet price of roughly $60 billion on the time, Zhao is the wealthiest particular person ever to serve a jail sentence within the US.

In the meantime, on Feb. 26, the US Securities and Trade Fee and Sun requested a federal courtroom to pause the regulator’s case against the crypto entrepreneur to permit for settlement talks.

In March 2023, the SEC sued Sun and three of his corporations, the entity behind Tron, the Tron Basis and the file-sharing platform backers the BitTorrent Basis and its San Francisco-based guardian agency, Rainberry Inc.

Cointelegraph reached out to the US Division of Justice however didn’t obtain a response by time of publication.