KeyTakeaways:
Changpeng Zhao denies the WSJ report, claiming he sought a pardon from the US government.CZ refutes accusations of negotiating a Binance stake sale with World Liberty Financial.Binance CEO emphasizes his control of the company, holding 90% of the stake.
Changpeng Zhao, known as CZ, has responded to a Wall Street Journal (WSJ) article that claimed he was negotiating with the US government for a presidential pardon. The popular cryptocurrency figure has denied the allegations, stating that the report was inaccurate.
CZ Responds to False Claims
In a series of tweets, CZ addressed the misinformation spread by the Wall Street Journal. He dismissed the article’s claims about him seeking a pardon from the US government. “Sorry to disappoint. The WSJ article got the facts wrong,” he tweeted, denying any discussions regarding a pardon. He also emphasized that the article misrepresented the facts, suggesting the publication may have attempted to fabricate a story.
CZ elaborated on his response by explaining that WSJ had reached out to numerous people in search of information. He said that dozens of individuals had contacted him to inform him about the article’s contents. “In essence, they tried hard to make a story to report,” CZ stated, criticizing the publication’s approach. He also noted that he remains in full control of Binance, holding 90% of the company’s stake.
The Claim of Binance Stake Negotiations
In addition to the allegations about the pardon, the WSJ article also suggested that Zhao was in talks with World Liberty Financial regarding the sale of a stake in Binance. The article fueled speculation by showcasing images of CZ and Trump, further insinuating the possibility of negotiations between them.
However, CZ made it clear that no such negotiations had taken place. He stated that there had been no discussions related to selling a stake in Binance to the company associated with Trump. Changpeng Zhao’s rebuttal of the Wall Street Journal’s claims clarifies that no pardon discussions or Binance stake negotiations are occurring. The cryptocurrency mogul’s statements serve to debunk the recent claims and highlight the misinformation in the WSJ article.
