CZ Claps Back at WSJ Over Trump-WLFI Claims: "Baseless Allegations"

Binance founder Changpeng Zhao slams Wall Street Journal’s report linking him to Trump’s WLFI initiative—calls it ’factually bankrupt.’

No evidence, no problem—just another day in crypto’s regulatory circus. Meanwhile, traditional finance still can’t tell a wallet from a ledger.

CZ slams WSJ claims

Taking to X (formerly Twitter), CZ criticized a Wall Street Journal article that suggested his involvement in the Trump-affiliated entity and its supposed stake in Binance US.

He dismissed the report as a “hit piece,” accusing it of spreading falsehoods and misrepresenting his stance on decentralized finance.

He said, 

“I am not a fixer for anyone. I did NOT “connect Mr. Saqib with the WLF team”. They had known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan. I did NOT make any “introductions for World Liberty’s foreign travels.”

How did he justify the allegations?

Zhao strongly refuted claims that he acted as a liaison for WLF and its co-founder Zach Witkoff during overseas trips, including a visit to Pakistan, which reportedly led to a memorandum of understanding with local authorities.

He rejected the article’s portrayal of him as a “fixer” for WLFI, calling out what he described as deliberate misreporting.

His PR team also highlighted multiple factual errors in the story, suggesting that it was crafted with a harmful agenda.

CZ went further to accuse the Wall Street Journal of serving as a platform for anti-crypto agendas aimed at derailing America’s potential leadership in the digital asset space.

CZ added, 

“They want to attack crypto, global crypto leaders, and the pro-crypto administration.”

What’s more?

Zhao has criticized the Wall Street Journal for what he calls misleading coverage, including an April 11 article. The report alleged he planned to testify against TRON founder Justin Sun, a claim Zhao strongly denied.

Despite his denial, concerns remain over WLFI’s secretive dealings and Trump’s high-profile crypto dinner. Debates continue about transparency and underlying motives.