Binance co-founder Changpeng Zhao (CZ) and World Liberty Financial (WLFI) are pushing back strongly against recent allegations made by the Wall Street Journal (WSJ). 🚫 A WSJ article claimed CZ facilitated talks between WLFI and Pakistani government officials and that WLFI discussed US government matters with authorities here. Both CZ and WLFI are firmly denying these claims!
Here's the breakdown:
CZ's Stance: In a recent X post, CZ described the WSJ story as a "hit piece" aiming to leverage "Cunningham's Law" – the idea that posting a wrong answer is the fastest way to get the correct one online. He stated that the WSJ's interview questions were based on "wrong and negative assumptions" and emphatically denied being a "fixer" or facilitator for WLFI's international trips in Pakistan.
WLFI's Rebuttal: Zak Folkman, co-founder of WLFI, also attacked the WSJ report, asserting that there was no coordinated effort between Binance and WLFI to advance business in Pakistan. He clarified that their team met with Bilal bin Saqib, Pakistan's top counselor for its crypto council (a long-time friend of Folkman's), and explicitly stated that WLFI "never coordinated with the US government" nor discussed foreign policy in Pakistan.
Previous Denials: This isn't the first time CZ has refuted WSJ allegations. The publication previously claimed in April that CZ provided information against Justin Sun, and in March, reported on the Trump family negotiating to acquire a stake in Binance US.
CZ's View on WSJ: CZ further suggested the WSJ acts as a "mouthpiece" for "forces in the US" aiming to hinder the nation from becoming a global crypto capital.
This ongoing debate highlights the complexities and scrutiny surrounding major players in the crypto space, especially when intertwined with political figures and international relations.
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