The co -founder of Binance and former CEO CHANGPING “CZ” Zhao republished a tweet claiming that Coinbase was the “unknown” source behind the Bloomberg report targeting the Trump encoding project, World Liberty Financial, and Nabanis.
On one Sunday on X, Crypto Matt Wallace claimed that Coinbase executives are afraid that a potential pardon for Zhao and Nabannis’s return to the American market would threaten their share in the market, prompting efforts to undermine competitors.
Wallace wrote: “Binance is the number 1 encryption exchange in the world,” warning that Binance’s return with a complete legal situation can severely harm Coinbase.
“The most shocking thing is that Coinbase will target President Trump in an attempt to harm their competitor. This is an anti -America! Books.
Zhao reinstated the post without confirming or denying it. Cointelegraph communicate with Binance and Coinbase to comment, but he did not receive the publication.
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Binance is associated with StableCoin Stablecoin from Trump
Bloomberg’s report claimed that Bennes had developed the USD1 smart contract, which is STABLECOIN issued by World Liberty Financial, linked to former President Donald Trump.
The report also claimed that Zhao applied for a presidential pardon shortly after using USD1 in a $ 2 billion deal, including investing the Emirates Fund in Binance. She noted that more than 90 % of the distinctive USD1 symbols are still in the Binance governor, which may generate tens of millions in annual interest revenues.
On Sunday, Zhao described the article as “a successful piece (sponsored by a competitor)” full of “many realistic mistakes” to the point that he “does not even know where to start.” He added: “You may have to sue again because of defamation.”
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Zhao seeks presidential pardon
Zhao acknowledged that he was guilty of one felony as part of a settlement with the American authorities in 2023. Although he had already spent four months in prison, he said in May he was seeking a presidential pardon from Trump. Such amnesty can allow Zhao to return to an administrative or operational role in the US company Crypto.
Meanwhile, Zhao has been busy since its launch. On April 4, he said that he would begin advice to Kyrgyzstan regarding the Blockchain organization and the encryption organization after signing a memorandum of understanding with the country’s foreign investment agency.
On April 7, ZHAO was appointed as a consultant to the Pakistan Crowding Council, a newly formed organizational body charged with overseeing the embrace of Blockchain technology and digital assets in the country.
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