Binance Founder CZ Refutes Claims of Investment Discussions with Trump Family

Published on 3/12/2025, 12:00:00 AM

"Binance CEO Redefines Trump Family Allegations; Refutes Investment and Pardon Talks

Intriguing whispers of the U.S. President Donald Trump's family representatives allegedly seeking an investment in Binance's American division have surfaced, following a Thursday report by the Wall Street Journal. Adding fuel to the fire, these assertions have subsequently been fiercely denied by Changpeng Zhao, better known in the crypto sphere as CZ, the dynamic founder of Binance. He made his sentiments quiet clear through a strongly worded post on X, a social media platform, once recognized by its previous title 'Twitter'.

The Wall Street Journal's Thursday exposé ignited conversation by asserting that talks were brewing between the Trump family camp and Binance, focusing on prospective investment in the U.S. outpost of the globally popular cryptocurrency exchange. CZ, however, promptly rebuffed these accounts on X, drawing a bold line under such speculative narratives.

The context behind these allegations is filled with a spice of intrigue. Historical nuggets reveal that the U.S Department of Justice had previously subjected Binance to a meticulous probe. This investigation resulted in CZ facing a four-month imprisonment. At the heart of these claims were accusations that culminated in one of the largest corporate penalties in U.S history, a staggering sum of $4 billion.

In the face of Decrypt's attempts to solicit comments, Binance US chose to maintain an enigmatic silence. Meanwhile, CZ added another dimension to the discourse. He proposed an alternate viewpoint that the article seemed like a sniper shot intended to tarnish President Trump's reputation.

While the world remains engrossed in these allegations and denials, Binance has reported a significant victory on another front. The cryptocurrency exchange recently celebrated securing a massive $2 billion investment. What's even more remarkable about this achievement is that the funds came from an Abu Dhabi-based company and were transferred entirely in stablecoins. Binance sees this as a pivotal milestone in their journey, bolstering optimism for the future of cryptocurrency exchange."

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