CZ Fires Back: Binance Founder to Launch Memecoin Exposing Negative Media Sponsors

Binance's outspoken founder Changpeng Zhao is weaponizing memecoins in his latest counterattack against critics. The crypto titan plans to issue a satirical token tracking entities funding negative press coverage of the exchange—turning blockchain's transparency against his detractors.

The ultimate accountability play

This isn't just trolling—it's a masterclass in using crypto's immutable ledgers to expose financial influence. The memecoin will publicly log transaction trails linking media hit pieces to their backers, creating an on-chain reputation system for journalistic integrity.

Wall Street's PR teams suddenly remembering why they feared blockchain

While traditional finance dismisses memecoins as jokes, CZ's move proves their utility as viral accountability tools. The launch coincides with Binance's 2025 dominance—proving that in crypto, the best defense is a good offense. Just don't call it revenge—call it 'incentivizing truthful reporting' with a side of schadenfreude.

Zhao’s grievance against traditional media outlets

Meanwhile, the recent statement by Zhao continues a trend of criticism by crypto executives against media outlets such as Bloomberg, the Wall Street Journal, and the New York Times for their coverage of the crypto industry and Binance in particular.

Stories from these media houses have reported internal issues at Binance and alleged relationships between Zhao and President Donald Trump. In one such report, Bloomberg claimed that Binance was involved in creating USD1, the stablecoin issued by Trump-backed project World Liberty Financial, which is connected to Zhao’s efforts to get a presidential pardon.

However, Zhao has rejected those claims multiple times, describing them as misleading and ‘attempts to damage’ Binance’s reputation. He even accused competitors of being responsible for the stories and reposted a recent allegation claiming that Coinbase is behind the story.

While Coinbase denied the allegation, Zhao threatened legal action against Bloomberg and other media houses for defamation. However, Binance and Zhao have not yet taken legal action, even though Zhao previously sued Bloomberg in 2022.

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