Ex-Binance Boss CZ Slams ‘Smear’ Allegations Over Justin Sun in Plea Deal Drama

Changpeng Zhao, generally known as CZ BNB, former Binance CEO, faces a wave of ‘smear’ allegations tied to a reported plea deal. Wall Avenue Journal claimed CZ agreed to testify towards Justin Sun to safe leniency in his 2023 authorized settlement, though each males publicly denied the claims.

This so referred to as ‘drama’ comes after CZ’s responsible plea to anti-money laundering violations, leading to a four-month jail sentence. Launched in September 2024, he’s now addressing reviews that he offered proof towards Sun.

CZ referred to as the story a “baseless hit,” noting that he served time and was removed from typical authorities witnesses. Sun agreed, affirming their friendship and dismissing the rumors as unfounded.

A number of individuals have instructed me once more WSJ is writing one other baseless hit piece about me. 4

— CZ BNB (@cz_binance) April 11, 2025

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The Baseless Hit and The place It Hits

Immediately, many view this smear as a focused assault, probably fueled by regulatory pressures or rival pursuits. Help for CZ and Sun is robust amongst loyalists, who see them as business pioneers. Nevertheless, some query the transparency of plea offers, questioning their belief in centralized exchanges.

CZ’s response on social platforms was sharp, suggesting the information outlet was paid to smear him. He argued that serving jail time contradicts claims of being a protected witness. This goes alongside along with his supporters from the crypto neighborhood, who rallied behind his defiance.

WSJ is basically TRYING right here. They appear to have forgotten who went to jail and who did not.

Individuals who turn into gov witnesses do not go to jail. They’re protected.

I heard somebody paid WSJ workers to smear me.

— CZ BNB (@cz_binance) April 12, 2025

As well as, Justin Sun comes at a protection of CZ, his “mentor.” He praised CZ’s integrity, urging unity in crypto’s “small space.” This struck a chord with supporters, who see regulatory scrutiny as a shared risk.

I’m not conscious of the circulating rumors. CZ is each my mentor and a detailed good friend—he has performed a vital function in supporting me throughout my entrepreneurial journey. To today, his conduct and ideas stay the best customary I try to observe as a founder.

On the identical…

— H.E. Justin Sun (@justinsuntron) April 12, 2025

Within the aftermath, the neighborhood feels the frustration from media narratives. Many dismiss the story as an try to divide key figures like CZ and Justin Sun and their contributions from Binance’s world attain to Tron’s DeFi ecosystem. Nonetheless, a vocal minority calls for readability, cautious of hidden agreements in high-stakes authorized battles.

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From Smear to Drama: Justin Sun and CZ Aren’t Saints

Including to the drama, reviews counsel Binance executives met US Treasury officers to cut back oversight from a monitor appointed after a $4.3 billion settlement.

These talks coincided with discussions to checklist USD1, a stablecoin tied to a Trump-backed enterprise the place Sun is an investor. Critics see this as a possible battle, whereas Binance calls oversight burdensome, looking for “fine-tuning” of compliance guidelines.

However, the SEC paused a fraud case towards Justin Sun in February 2025, after his $75 million funding within the Trump-linked mission. Some speculate this timing aligns with Binance’s maneuvers, hinting at political performs.

BREAKING

The SEC has simply halted its fraud prosecution of Justin Sun, a Chinese language nationwide who has put greater than $50 million in Trump’s pocket since November via the acquisition of crypto tokens from a Trump-backed firm, World Liberty Monetary. pic.twitter.com/KzPqC6Frht

— Judd Legum (@JuddLegum) February 28, 2025

Additional drama comes from Binance’s rumored ties to Trump’s circle. Talks of a Binance US stake acquisition by Trump’s WLFI surfaced, which CZ, once more, denied.

Benefiting from the scenario, Polymarket bettors give a 18% probability of this deal by July 2025. Bettors view this as political leverage, with CZ’s pardon hopes sometimes talked about, although unconfirmed.

(supply)

It’s an enormous saga. It shows crypto’s complicated interaction of loyalty, regulation, and energy. With their loyalty as a neighborhood, cryptobros are staying robust on their floor defending CZ and Justin Sun, however lingering questions on plea offers and political ties maintain the drama simmering.