Binance founder Changpeng ‘CZ’ Zhao has firmly dismissed claims from the Wall Street Journal (WSJ) regarding an alleged cooperation with US authorities aimed at providing evidence against Justin Sun, the founder of Tron.

Sun, in his response, supported CZ’s refutation, emphasizing their close friendship and mentorship.

BREAKING: Binance executives met with Treasury Department officials last month according to WSJ.
(Translation: Wall Street Journal claims Binance’s internal discussions with officials might have included topics on regulatory strategies.)

In a recent article, WSJ alleged that CZ made a deal with the Department of Justice (DOJ), which supposedly involved providing incriminating evidence against Sun. Following a previous legal issue, CZ spent four months in a US prison, being released in September 2024.

The article further speculated that Binance was engaged in discussions to lower government oversight while exploring a potential business opportunity with a venture connected to the Trump family. However, no business agreement is confirmed at this time.

CZ claims that the narrative presented by WSJ is a smear campaign suggesting they were paid to publish unfounded allegations about him. He pointed out, “multiple people have told me again WSJ is writing another baseless hit piece about me.”

Furthermore, CZ expressed it would be impossible for him to testify against anyone given his fallout with the legal system, stating: “They seem to have forgotten who went to prison and who didn’t. People who become gov witnesses don’t go to prison. They are protected.”

No one in US history went to jail for a single BSA violation, except me.
(Translation: CZ emphasizes his unique legal situation as a significant point in this ongoing discussion.)

Sun, meanwhile, commented on the allegations, stating he has not heard the news regarding CZ and reiterated their strong bond, calling CZ a mentor who has greatly influenced his career as an entrepreneur. This situation reflects what he believes to be strategic attempts by opponents to create division between them.

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Summary of Claims

• CZ refutes that he is cooperating with US authorities.
• WSJ also accuses CZ of providing information against Justin Sun.
• Both CZ and Sun describe these claims as false and potentially harmful.