CZ Denies Trump Family Acquired Stake in Binance.US

Binance founder Changpeng “CZ” Zhao has denied involvement in any deal with the Trump family for a stake in Binance US or seeking a presidential pardon.

The Wall Street Journal recently reported that Trump’s family was in talks to acquire a stake in Binance US while CZ allegedly sought a pardon following his 2023 guilty plea.

CZ responded on X, stating, “Sorry to disappoint. The WSJ article got the facts wrong.” He mentioned that WSJ and other media outlets reached out to numerous people to confirm the story. “They probably asked hundreds of people to have 20 reach out to me. Essentially, they tried hard to create a story.”

CZ emphasized he has never discussed a deal for Binance US with anyone and noted that while “no felon would mind a pardon,” he believes the article was politically motivated, suggesting it was an attack on Trump and the crypto industry, possibly by those continuing the “war on crypto” from the previous administration.