Binance CEO Changpeng Zhao responded to allegations made by the Wall Street Journal, challenging their claims and accusing them of a biased smear campaign. Despite these accusations, the crypto exchange continues to face scrutiny from regulators as legal challenges and reputational risks weigh on its market stability. Zhao’s strong stance reflects ongoing tensions between the Binance founder and certain media outlets. While Zhao denies the allegations against him personally, this period has sparked uncertainty for Binance. Some in the community support Zhao’s transparency efforts, while others express concern over the legal issues. The potential impact on Binance’s operations remains to be seen, but the exchange will need to navigate these challenges with resilience.