Changpeng Zhao, known as CZ, the former CEO of Binance, and Justin Sun, founder of Tron, have both strongly denied a recent report by the Wall Street Journal. The article alleged that Zhao agreed to testify against Sun as part of a plea deal related to his prior conviction on money laundering charges. Zhao, who served four months in prison, disputed the claims, suggesting that they were a baseless smear. He expressed his frustration on social media, hinting that someone may have influenced the Journal to publish false information about him. Sun also defended Zhao, calling him a mentor and emphasizing their close relationship amid his own legal troubles with the SEC. The timing of the report coincided with Binance's ongoing discussions with U.S. Treasury officials regarding its compliance monitoring, prompting further speculation about potential conflicts of interest. Binance insists that its compliance systems require adjustments rather than a relaxation of controls.

Source 🔗