Binance Co-Founder To Sue Bloomberg Again? CZ Refutes Trump Stablecoin Claims
Main Idea
Binance co-founder Changpeng 'CZ' Zhao refutes claims made by Bloomberg about his involvement with a Trump-linked stablecoin and threatens legal action for defamation.
Key Points
1. CZ dismissed Bloomberg's report linking him to the WLF stablecoin (USD1) and a $2-billion investment deal involving an Abu Dhabi-based firm.
2. CZ accused Bloomberg of publishing a 'hit piece' with factual errors and referenced a previous legal dispute where Bloomberg apologized and donated to a charity.
3. Bloomberg's report implied a possible conflict involving CZ and the WLF stablecoin, which CZ denies.
4. CZ has previously denied allegations of facilitating introductions for the Trump family’s World Liberty Financial’s foreign travels.
5. The article mentions CZ's guilty plea to a felony count as part of a settlement with the US Department of Justice and his reported attempt to seek a federal pardon from President Trump.
Description
Binance co-founder and former CEO Changpeng “CZ” Zhao has dismissed a recent Bloomberg report tying him to a stablecoin launched by World Liberty Financial (WLF), one of the crypto entities linked to United States President Donald Trump. The prominent crypto figure accused Bloomberg of defamation and threatened to drag the firm to court for the second time in the past three years. Binance CEO Threatens To Sue Bloomberg Again In a July 11 report , Bloomberg claimed that the world’s largest crypto...
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