Binance Founder CZ Dismisses Claims of Testifying Against Justin Sun

Binance CEO Changpeng Zhao (CZ) has denied accusations that he provided testimony against Tron founder Justin Sun as part of a plea deal with the U.S. Department of Justice (DOJ). CZ addressed these claims through X posts, emphasizing that his custodial sentence suggests he hasn’t cooperated in a manner suggested by authorities. He clarified his conviction was for AML offenses, not money laundering or embezzlement, and highlighted the confusion surrounding these terms. CZ further emphasized his sentence reflects the cooperation aspect of his plea deal, which is typically reserved for individuals who testify against others.