Changpeng Zhao, former CEO of Binance, has vehemently denied claims that he agreed to testify against Justin Sun, founder of TRON, in a case involving the US Department of Justice. His statement comes amidst ongoing scrutiny over Binance’s operations and its efforts to navigate regulatory hurdles. While major cryptocurrencies showed minimal price fluctuations despite the media reports, Binance is focused on regaining public trust following a $4.3 billion settlement for compliance issues. The denial adds another layer to the already complex relationship between Binance and TRON. Sun has echoed Zhao’s sentiments, calling the allegations “attempts to create division.” This situation highlights the ongoing challenges faced by cryptocurrency businesses in navigating regulatory scrutiny while building relationships with authorities.