Binance Drama: CZ’s Denial Sparks Speculation and Giggles! 😂

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So, here we are, folks! Binance co-founder Changpeng “CZ” Zhao has taken to the digital stage to vehemently deny the juicy rumors that he’s ready to spill the beans on his buddy, TRON founder Justin Sun. Apparently, the Wall Street Journal thinks it’s a good idea to stir the pot with claims that CZ is in cahoots with the U.S. Department of Justice. Oh, the drama! 🎭

‘WSJ Is Really Trying Here’ – Binance Co-Founder

According to a rather sensational report from the Wall Street Journal (because who doesn’t love a good scandal?), CZ supposedly agreed to provide evidence against Sun as part of his plea deal. And just when you thought it couldn’t get any more thrilling, the WSJ also alleged that Binance executives are lobbying the U.S. Treasury to ease up on their watchful eye. Because, you know, who doesn’t want a little less oversight in their life? 🙄

In a post on the social media platform X (formerly known as Twitter, but let’s not get into that), CZ quipped that the “WSJ is really TRYING here,” as if they were auditioning for a role in a soap opera. He downplayed the claims, insisting that he wouldn’t have served any jail time if he had indeed become a government witness. Because, obviously, that’s how it works, right? 🤷‍♂️

And let’s not forget, CZ was totally prepared for this report. He had already hinted that the “WSJ is writing another baseless hit piece” in a previous post. It’s almost like he has a crystal ball! 🔮 In his latest post, he reiterated his belief that someone must have slipped the Wall Street Journal a little cash to lead a smear campaign against him. Because, of course, that’s the only logical explanation.

To be clear, there were NO “money laundering” or “fraud” charges. You are confusing “ANTI-money laundering” to “money laundering.” One is a failure to prevent/police. One is doing it yourself. Two very different things. 🙃

Now, let’s rewind a bit. CZ was sentenced to four months in prison in April 2024 after pleading guilty to Anti-Money Laundering (AML) violations as Binance CEO. He was released from U.S. federal prison in September 2024 and has since been dabbling in various ventures, both in and out of the cryptocurrency world. Talk about a comeback! 🎉

Justin Sun Downplays CZ Plea Deal Rumor

Meanwhile, Justin Sun is over here trying to downplay the WSJ’s allegations against CZ. In a post on X, he claimed he’s blissfully unaware of the swirling rumors. “CZ is both my mentor and a close friend—he has played a crucial role in supporting me during my entrepreneurial journey,” the TRON founder said, probably while sipping a latte and scrolling through his phone. ☕️

Sun also emphasized that he has a direct and honest communication line with both CZ and the U.S. Department of Justice. He even mentioned that the DoJ is one of the closest and most trusted partners of T3 Financial Crime Unit (T3 FCU)—a blockchain security initiative co-founded by TRON, Tether, and TRM Labs. Because nothing says “trust” like a bunch of crypto moguls and government officials hanging out together! 😅

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2025-04-14 03:43