CZ Criticizes WSJ for Alleging His Involvement in Trump-Related Crypto Agreement
Changpeng Zhao, widely known as CZ, isn’t remaining silent. The ex-CEO of Binance has openly dismissed accusations from a recent Wall Street Journal piece that alleged he was involved in facilitating international transactions for a crypto asset startup associated with Donald Trump’s close associates.
In a forceful post on X, CZ labeled the article as misleading and asserted that the portrayal was distorted to serve a particular agenda. CZ refutes any participation in assisting in the deals for World Liberty Financial, a crypto initiative linked to Trump’s inner circle.
Claims Made by the WSJ
The article states that CZ reportedly had a behind-the-scenes role in aiding World Liberty Financial (WLF) in increasing its influence. Zach Witkoff is a co-founder of WLF and has maintained strong connections with Trump family members.
The WSJ article highlighted a meeting in Pakistan involving WLF and entrepreneur Bilal bin Saqib, suggesting that CZ assisted in establishing that link, which subsequently resulted in WLF signing a memorandum of understanding with a government-affiliated organization in the nation.
In essence, the publication implied that CZ served as an understated conduit, facilitating WLF’s global aspirations.
CZ Responds
CZ was quick to react. In an extensive post on X, he refuted assertions that he connected WLF with foreign associates or had any role in its growth.
Another attack piece from Wall Street Journal. Rather than practicing journalism, WSJ has essentially adopted Cunningham’s Law with negative intentions.
“Cunningham’s Law: The best way to get the right answer on the Internet is not to ask a question; it’s to post the wrong answer.”…
— CZ
BNB (@cz_binance) May 23, 2025
He made a direct rebuttal, saying, “I am not a fixer for anyone.” He mentioned that he only met Bilal bin Saqib during a visit to Pakistan and did not partake in any meetings between Saqib and WLF. He clarified that Saqib and WLF were in contact well before his involvement.
His statement was unambiguous: there’s no clandestine deal-making happening out of sight, and his reputation is being invoked in matters he had no connection to.
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More Than Just Denial, A Critique of Journalism
CZ dismissed the article published by the WSJ, contending that it overlooked clarifications his team provided prior to publication. In addition to defending his position, CZ criticized the manner in which the story was conveyed. He noted that the WSJ had sent a list of inquiries to his team beforehand, but these questions were laden with flawed assumptions. He asserts that clarifications and corrections were made by his team, but none were included in the published piece.
He also highlighted what he perceives as a trend in journalistic practices, where something provocative is reported first, followed by backlash to attract attention and corrections afterwards. He referred to Cunningham’s Law to illustrate this concept: that the quickest way to obtain the correct answer online is by publishing an incorrect one.
In his opinion, the WSJ opted for a version of the story that was more sensational than truthful.
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The Reason for the Spotlight
World Liberty Financial isn’t just another crypto venture. Its connections to Trump’s family and its expanding global influence have already caught significant attention. The cryptocurrency sector has often operated in a grey area, where influence and relationships play key roles. When politics is involved, the situation gets even more intricate.
The mere implication that someone of CZ’s stature could be leveraging his network to assist WLF in securing international deals was guaranteed to attract headlines—a fact that likely adds to his frustration.
What Lies Ahead?
At this juncture, there’s no apparent repercussions, and CZ hasn’t suggested that he’ll pursue legal measures. However, the incident underscores how delicate the convergence of cryptocurrency, politics, and media has become. Involvement of high-profile individuals across different nations and political divides ensures that stories of this nature won’t disappear anytime soon.
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- CZ has rejected accusations from the Wall Street Journal that he facilitated global transactions for Trump-associated crypto venture World Liberty Financial.
- The WSJ article claimed CZ was instrumental in connecting WLF with international figures in Pakistan, resulting in a signed deal with a government-backed organization.
- CZ responded on X, labeling the claims as incorrect and affirming he did not participate in any WLF-related discussions or agreements.
- He also critiqued the WSJ’s reporting method, indicating his team provided clarifications that were disregarded for a more sensational narrative.
- This incident highlights rising tensions at the crossroads of crypto, media, and politics — especially when involved parties are prominent figures.
The post CZ Slams WSJ for Claiming He Helped Trump-Linked Crypto Deal appeared first on 99Bitcoins.
