Changpeng “CZ” Zhao, former CEO of Binance, denied the allegations according to which he agreed to provide evidence against the founder of Tron Justin Sun within the framework of an agreement with the United States Ministry of Justice (DOJ).
In a report of April 11, the Wall Street Journal cited anonymous sources alleging that CZ had agreed to testify against Sun under its settlement with the American prosecutors.
“As part of Zhao’s advocacy agreement, he agreed to testify on the sun to prosecutors”, an “arrangement” which “was not reported before,” said the WSJ report, citing sources familiar with the issue.
“WSJ really tries here. They seem to have forgotten who went to prison and who did not do it,” said Zhao in a post of April 12. “People who become government witnesses are not going to prison. They are protected. I heard someone paid WSJ employees to get dirty. ”
Source: Changpeng Zhao
CZ was sentenced to four months in prison in April 2024 for violations of fighting money laundering (LMA). He freed himself from the federal prison on September 27 as the richest person to have ever served an American prison sentence, with a net value of 60 billion dollars at the time.
In a separate article on April 11, CZ said that several people had warned him of the journal’s intentions to publish what he described as a “successful play”.
Source: Justin Sun
Sun said he was “not aware of traffic rumors”, calling CZ his “mentor and close friend”, Cointelegraph reported on April 11.
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“Some players make a new lobbying against us in the United States” – Cz
CZ also assumed that the report could be linked to lobbying against him and his former company.
“I also heard rumors about the lobbying of some players” against us in the United States, “said CZ.
Cointtelegraph approached CZ for more details on lobbying complaints.
In November 2023, Zhao said that “FTX sought a regulatory” interrupt “on the Binance to increase market share”, citing a federal report for news.
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Zhao’s comments occur more than a month after Crypto donations have raised influence problems among industry participants.
Cryptographic companies spent more than $ 134 million for the 2024 US elections in “uncontrolled political spending”, which presents critical challenges, Cointelegraph reported on March 10.
Donations of Fairshake. Source: Politicalaccoutability.net
“While companies that provide these contributions can seek a favorable regulatory environment, these political gifts are more public confidence and expose companies to legal, reputation and commercial risks that cannot be ignored,” according to a March 7 report by the Center for Political Accountability (CPA).
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