CZ fires back at WSJ: Denies involvement with Trump’s WLFI – Details

Zhao denies WSJ’s claims

Avatar

Journalist

Share this article

  • CZ denies any ties to Trump-linked WLFI, slams WSJ for false reporting.
  • Allegations raised concerns over crypto-politics entanglement and WLFI’s investor secrecy.

Binance [BNB] co-founder Changpeng Zhao (CZ) has resisted recent allegations linking him to World Liberty Financial (WLF), a firm reportedly linked to U.S. President Donald Trump.

CZ slams WSJ claims

Taking to X (formerly Twitter), CZ criticized a Wall Street Journal article that suggested his involvement in the Trump-affiliated entity and its supposed stake in Binance US.

He dismissed the report as a “hit piece,” accusing it of spreading falsehoods and misrepresenting his stance on decentralized finance.

He said

“I am not a fixer for anyone. I did NOT “connect Mr. Saqib with the WLF team”. They had known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan. I did NOT make any “introductions for World Liberty’s foreign travels.”

How did he justify the allegations?

Zhao strongly refuted claims that he acted as a liaison for WLF and its co-founder Zach Witkoff during overseas trips, including a visit to Pakistan, which reportedly led to a memorandum of understanding with local authorities.

He rejected the article’s portrayal of him as a “fixer” for WLFI, calling out what he described as deliberate misreporting.

His PR team also highlighted multiple factual errors in the story, suggesting that it was crafted with a harmful agenda.

CZ went further to accuse the Wall Street Journal of serving as a platform for anti-crypto agendas aimed at derailing America’s potential leadership in the digital asset space.

CZ added, 

“They want to attack crypto, global crypto leaders, and the pro-crypto administration.”

What’s more?

Zhao has criticized the Wall Street Journal for what he calls misleading coverage, including an April 11 article. The report alleged he planned to testify against Tron founder Justin Sun, a claim Zhao strongly denied.

Despite his denial, concerns remain over WLFI’s secretive dealings and Trump’s high-profile crypto dinner. Debates continue about transparency and underlying motives.

Share

Read More
Ishika Kumari

Latest

The Area Where Duke Could Dominate College Basketball Next Season

Basketball The Duke basketball program will enter the 2026-27...

Don’t call us just a WLFI treasury company, says AI Financial

The company says it is building a broader fintech, tokenization and digital infrastructure business, but its latest SEC filing shows WLFI still dominates the balance sheet. May 21, 2026, 5:20 a.m. 2 min read Make preferred on AI Financial, formerly known as Alt5 Sigma, wants the market to know that it's more than just its

The new art of war is just as bloody as the old

For help please visit help.ft.com. We apologise for any inconvenience. The following information can help our support team to resolve this issue. Reason Challenge Request ID 9ff3d58409635031 Status Code 403

Navigate Sole Trader Registration With This Step-By-Step Guide

Steering sole trader registration can seem intimidating, but it doesn’t have to be. You’ll begin by selecting a unique business name and, if needed, filing an Assumed Name Certificate. Next, securing an Employer Identification Number (EIN) is vital for tax purposes. Opening a dedicated business bank account helps maintain financial clarity. Comprehending the necessary licenses

Newsletter

Don't miss

The Area Where Duke Could Dominate College Basketball Next Season

Basketball The Duke basketball program will enter the 2026-27...

Don’t call us just a WLFI treasury company, says AI Financial

The company says it is building a broader fintech, tokenization and digital infrastructure business, but its latest SEC filing shows WLFI still dominates the balance sheet. May 21, 2026, 5:20 a.m. 2 min read Make preferred on AI Financial, formerly known as Alt5 Sigma, wants the market to know that it's more than just its

The new art of war is just as bloody as the old

For help please visit help.ft.com. We apologise for any inconvenience. The following information can help our support team to resolve this issue. Reason Challenge Request ID 9ff3d58409635031 Status Code 403

Navigate Sole Trader Registration With This Step-By-Step Guide

Steering sole trader registration can seem intimidating, but it doesn’t have to be. You’ll begin by selecting a unique business name and, if needed, filing an Assumed Name Certificate. Next, securing an Employer Identification Number (EIN) is vital for tax purposes. Opening a dedicated business bank account helps maintain financial clarity. Comprehending the necessary licenses

What Makes an Effective Accounts Receivable Management Strategy?

An effective accounts receivable management strategy is essential for maintaining healthy cash flow in your business. It starts with clear communication about payment terms and a streamlined invoicing process that reduces errors. Implementing solid credit policies helps assess customer risk, as well as leveraging technology can improve efficiency. By monitoring key performance indicators, you can

Tesla’s Business Has Become Much More Diversified in Just the Past Five Years. Does That Make Its Stock a Better Buy Today?

Key Points Tesla's energy generation and storage segment generated 27% revenue growth last year. The company's non-automotive segments were able to help offset a double-digit decline in auto revenue in 2025. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is known for its electric vehicles (EVs), and while they

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand