Binance CEO CZ has slammed both the Wall Street Journal (WSJ) and Bloomberg for publishing “baseless hit pieces” against him. He also accused the media platforms of spreading “FUD” (Fear, Uncertainty, and Doubt).
At first, he takes on Bloomberg’s recent article, whose news piece, in their own admissions, lacked material and was speculative.
“It’s not clear what stage the discussions have reached or whether they’ll result in any transactions or ventures. “The substance of the meeting with Zhao isn’t clear”. They basically admitted that their whole article is purely imaginary. Is this what “news” has become?”
This isn’t the first time CZ clashed with Bloomberg. Back in 2022, the Binance founder sued the media house for labeling his activities as a Ponzi scheme. While Bloomberg issued an apology, Zhao emphasized that it allegedly posted the message on their HK corporate website instead of the main news platform.
This, per him, was intentionally done to restrict its visibility. He also pointed out that Bloomberg has continued to publish false information since then.
No WLFI Deal, No Pardon Talks: Binance’s CZ Denies WSJ Claims.
Next in his line of fire was WSJ, whose recent report of CZ’s business dealings with Trump’s crypto initiative WLFI created quite a stir. The Binance ex CEO has vehemently denied any such business dealings, accusing WSF of “trying to create a story”.
Trump’s WLFI is gaining traction due to its recent $550 million token sale. There also have been reports of the crypto firm courting blockchains to participate in “token swap” deals.
Regarding granting pardons, WSJ reportedly asked several of CZ’s close aides if he made some such deal with the President. He once again denied having any discussions about a pardon, although he acknowledges that any convicted felon would welcome one.
CZ suggests that the WSJ article might be politically motivated, aimed at attacking the former President and the cryptocurrency industry. Despite the negative media attention, CZ reiterates his commitment to promoting cryptocurrency globally, including in the United States.