365Crypto
Changpeng Zhao, the former Binance boss, just called out The Wall Street Journal for what he says is a total fabrication.
The paper reported CZ made a deal with the U.S. Department of Justice to testify against Justin Sun. According to CZ, that’s nonsense.
On April 12, CZ posted on X: “WSJ is really TRYING here. They forgot who went to prison and who didn’t. People who help prosecutors don’t serve time.”
He even joked that maybe someone at WSJ got paid to make him look bad.
So what’s really going on?
CZ did go to prison—for four months. He was released in September 2024. The reason? Anti-Money Laundering (AML) violations.*
(*AML: Laws that stop criminals from hiding money made from illegal activities.)
But CZ insists he didn’t flip on Sun. In fact, he says multiple people warned him the WSJ was planning a “hit piece.”
Justin Sun also chimed in. He said he had no idea about the rumors and still considers CZ a mentor and close friend.
Some believe this is all political. CZ hinted that other crypto players might be lobbying to damage Binance’s image in the U.S.
This isn’t the first time CZ’s pointed fingers. In 2023, he claimed FTX tried to get regulators to crack down on Binance.
With crypto firms dropping millions on U.S. political campaigns—over $134 million in 2024 alone—CZ’s not the only one worried about who’s influencing what.
(Political donations: These are money gifts to support candidates. They can lead to favoritism or shady deals.)
