Changpeng Zhao, founder and former CEO of Binance, has pushed back against a recent Wall Street Journal (WSJ) Article that claims that he acted as a “fixer” for World Liberty Financial (WLFI), a Defi company linked to the Donald Trump family.
The Wsj report claimed that ZHAO facilitated international introductions for WLFI, including assignments in countries such as Pakistan.
HoweverIn a May 23 after on X, Zhao stated that the article was misleading and accused the publication of the deliberate deforming of facts that match a story.
‘Fixer’ accusations
The former Binance director was about the suggestion of the report he arranged introductions between Bilal bin Saqib, head of the Pakistan Crypto Council and WLFI.
The article indicated that this connection led to the appointment of SAQIB as an advisor to the group and the signing of a memorandum of conformity with the Pakistani government.
Zhao, however, rejected the alleged connections and said:
“I am not a fixer for anyone. I have not connected Mr. Saqib to the WLF team.” They knew each other back, while I only met Mr. Saqib for the first time in Pakistan.
The former CEO of Binance has also rejected claims that he played a role in organizing the foreign visits of WLFI, adding that the report was built on false buildings. He noticed:
“If you get a few factual mistakes, it is possible to solve. If you come up with a story with negative intentions to start, there is no way to repair the ‘inaccuracies’. It is the whole story.”
Binance’s Zhao vs WSJ
This marks the last dispute between Zhao and Wsj about what he thinks are misleading reports about him.
In April, Zhao rejected Claims that he had agreed to work together against Justin Sun as part of a plea with the American authorities. He also denied previous reports that suggested that President Trump had sought an investment in Binance.
In view of this, the founder of Binance WSJ’s reporting approach to Cunningham’s law, who says that the best way to get the correct answer is to post the wrong one.
But Zhao lamped the traditional media house, proverb:
“Wsj instead of doing journalism, has almost resorted to the law of Cunningham, with negative intentions … This is not how journalism should work.”
He also concluded that the Wsj Stories are used by anti-crypto interests to undermine the industry, global leaders and pro-crypto movements in the US.
He said:
“Wsj is just the mouthpiece. There are forces in the US who want to hinder the efforts to make the US the capital of Crypto.”