CZ Addresses Wall Street Journal Allegations: A Look at Binance and Media Scrutiny

Binance CEO Changpeng Zhao (CZ) responded directly to the Wall Street Journal’s allegations about potential cooperation with U.S. authorities on April 12, 2025. CZ refuted claims of collaboration with Justin Sun, another prominent figure in the crypto space, and accused the media of engaging in paid discredit efforts. This follows a report published in the Wall Street Journal that raised concerns regarding Binance’s compliance practices. CZ’s rebuttal sparked debate about media representation within the cryptocurrency industry, highlighting the tensions between regulatory bodies and industry leaders.