Binance Co-Founder To Sue Bloomberg Again? CZ Refutes Trump Stablecoin Claims

The co -founder of Binance and former CEO CHANGPING “CZ” Zhao rejected a recent Bloomberg report linking him to Stablecoin, which was launched by the scientist Liberty Financial (WLF), one of the encrypted entities associated with US President Donald Trump. He accused the prominent encryption figure Bloomberg of defamation and threatened to withdraw the company to the court for the second time in the past three years.

Binance CEO threatens to sue Bloomberg again

in July 11 reportBloomberg claimed that the largest encryption exchange in the world, Binance, helped design the smart nodes icon behind the WLF Stablecoin (USD1). The report also mentioned how USD1 was used in an investment deal worth $ 2 billion, which included a company based in Abu Dhabi.

Chic Chic Styles, who admitted to be guilty of one felony as part of a settlement deal with the US Department of Justice, recently reported that he was seeking a federal pardon from President Trump. Bloomberg implied in a Friday report that the co-founder of Binance sought amnesty after the stock exchange facilitated a big deal using Stablecoin from WLF-which hints to a possible conflict of interests.

Zhao responded to x:

Food. Another piece of Bloomberg has just wrote a blow (sponsored by a competitor) that contains many realistic mistakes that I do not know where to start. You may have to prosecute them again due to defamation.

He has After xThe Chic Times referred to a previous legal dispute with Bloomberg, who wrote an apology to the co -founder of Binance and donated an agreed amount for the Special Education Foundation in 2024. We have press standards that must be better. “In order to achieve this purpose, we will not publish or make any allegations of the same influence or similar, in any way,” read part of the apology.

Source: @cz_binance on X

It seems that the former Binance CEO will follow a similar path soon, and the financing giant is paid for defamation for the second time within a few years.

Is CZ targeted?

It seems that Bloomberg is not the only financial media that has recently published a “successful piece” on CZ. The Wall Street Journal (WSJ) published an article in May, claiming that Zhao helped “facilitate” some of the introductions to foreign trips to the Trump family in the world.

At that time, CZ denied that it was installed and tied the foreign travel team to some Mr. SAQIB. According to the co -founder of Binance, he is targeted and the entire encryption industry is targeted by some forces that do not want to succeed in the digital asset sector in the United States.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Distinctive image from Binance, TradingView graph

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