1 day ago
Changpeng Zhao, laminitis and erstwhile CEO of Binance, has pushed backmost against a caller Wall Street Journal (WSJ) nonfiction that claims helium is acting arsenic a “fixer” for World Liberty Financial (WLFI), a DeFi task linked to the Donald Trump family.
The WSJ report alleged that Zhao facilitated planetary introductions for WLFI, including engagements successful countries similar Pakistan.
However, successful a May 23 post connected X, Zhao stated that the nonfiction was misleading and accused the work of intentionally distorting facts to acceptable a narrative.
‘Fixer’ allegations
The erstwhile Binance enforcement addressed the report’s proposition that helium arranged introductions betwixt Bilal Bin Saqib, caput of the Pakistan Crypto Council, and WLFI.
The nonfiction indicated that this transportation led to Saqib’s assignment arsenic an advisor to the radical and the signing of a memorandum of knowing with the Pakistani government.
However, Zhao rejected the alleged connections, saying:
“I americium not a fixer for anyone. I did NOT ‘connect Mr. Saqib with the WLF team.’ They had known each different mode back, whereas I lone met with Mr. Saqib for the archetypal clip successful Pakistan. I did NOT marque immoderate ‘introductions for World Liberty’s overseas travels.'”
The erstwhile Binance CEO besides dismissed claims that helium had a relation successful organizing WLFI’s overseas visits, adding that the study was built connected mendacious premises. He noted:
“If you get a mates of factual errors wrong, it’s imaginable to fix. When you marque up a communicative with antagonistic intentions to statesman with, determination is nary mode to hole the ‘inaccuracies.’ It’s the full story.”
Binance’s Zhao vs WSJ
This marks the latest quality betwixt Zhao and WSJ implicit what helium claims are misleading reports astir him.
In April, Zhao dismissed claims that helium had agreed to cooperate against Justin Sun arsenic portion of a plea woody with US authorities. He besides denied anterior reports suggesting that President Trump had sought an concern successful Binance.
Considering this, the Binance laminitis likened WSJ’s reporting attack to Cunningham’s Law, which says that the champion mode to get the close reply is to station the incorrect one.
But Zhao lampooned the accepted media house, saying:
“WSJ alternatively of doing journalism, has beauteous overmuch resorted to Cunningham’s Law, with antagonistic intentions…This is NOT however journalism should work.”
He besides concluded that the WSJ stories are being utilized by anti-crypto interests to undermine the industry, its planetary leaders, and pro-crypto movements successful the US.
He said:
“WSJ is conscionable the mouthpiece. There are forces successful the US that privation to hinder efforts successful making the US the superior of crypto.”
The station Binance’s Changpeng Zhao rebuffs WSJ ‘fixer’ relation assertion for Trump-affiliated World Liberty Financial appeared archetypal connected CryptoSlate.
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