World Liberty Financial and Binances CZ reject claims in the project scandal linked by Trump

• World Liberty Financial denies Zhao's participation in foreign business.
• Zhao claims Wall Street Journal The report is part of a smear plot.
• The defi platform supported by Trump is about to check that Binance denies claims.

World Liberty Financial (Wlfi) has firmly denied that Binance founder Changpeng Zhao (CZ) was a foreign “fixer” for a Defi platform associated with President Donald Trump. According to Wall Street Journal, the claims indicate that Zhao has contributed to facilitating foreign connections for the project. The company and Zhao immediately denied the claims and said it was not true and a compression campaign.

In a social media contribution, Zak Folkman, co-founder of World Liberty Financial, said that the allegations are ridiculous and that Zhao was not involved in Wlfi's business activities abroad. According to the Wall Street Journal, Zhao may have been involved in the growth of Wlfi in Pakistan, Abu Dhabi and Kyrgyzstan. However, the details of his role are unclear.

World Liberty Financial and Zhao under media examination

Zhao, who was under an increased examination of the media, also rejected the allegations. He said that the Wall Street Journal report is part of the more comprehensive efforts to prevent Binance from making the United States a global crypto hub. Zhao said that a US crypto exchange had received money from a risk capital company to spread incorrect information. He claimed that the media outlet has turned into a compression campaign to suppress cryptocachism in the USA

World Liberty Financial and his founders like Zach Witkoff were strengthened under the attention of the media. The company recently shaped StableCoin, USD1 in US dollars and used Binance in a $ 2 billion contract. Although Zhao's relationship with Wlfi is a hot topic, both parties stated that there is no misconduct in their foreign business activities.

Binances 'Cz' Zhao faces challenges

Zhaos earlier treatises with the US government worsened. He was released in 2023 after four months in prison because he could not maintain a proper anti-money wadding program. As part of the settlement, Binance, which Zhao founded, was fined with a fine of 4.3 billion US dollars. However, Zhao said that he supported the industry and the US efforts to become the crypto capital of the world.

The accusations against Zhao come according to a number of challenges with which the founder of Binance has been faced with in the past few months. In addition, Zhao reported that President Trump was forgiven. In the meantime, Zhao and World Liberty Financial have refused to do any misconduct in connection with the defi project supported by Trump.

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