Changpeng “CZ” Jhao, former CEO of Binens, denied claims that he agreed to provide evidence against Tron’s founder Justin Sun as part of a petition with the United States Department of Justice (DOJ).
In 11 April ReportThe Wall Street Journal, citing anonymous sources, alleged that the CZ had agreed to testify against the Sun as part of its disposal terms with US prosecutors.
The WSJ report stated, “As part of the Jhao’s petition, he agreed to give evidence to the prosecutors,” a “arrangement” that has not been reported earlier, “the WSJ report states that referring to the case that the matter is referred to.
“WSJ is really trying here. They have forgotten who had gone to jail and who was not,” Jhao wrote on 12 April Post”People who become a village witnesses do not go to jail. They are preserved. I have heard that someone has paid me to give me a blotting to WSJ employees.”
Source: Changpeng Shed
CZ was sentenced to a four-month prison in April 2024 for an Anti-Mani Laundering (AML) violation. He is freed from the federal prison on 27 September and at that time as the richest person to serve a US jail sentence, at that time with a total price of $ 60 billion.
A separate April 11 PostCZ claimed that many persons warned him of the journal’s intentions that he described as “hit pieces”.
Source: Justin Sun
Sun said that he did not know about the “circulation rumors,” the CZ was told by his “patron and close friend,” coinalample on 11 April.
Connected: Trump kills the sift broker rule in Major Crypto win: Finance redefined
“Some players are advocating against us again in America” - CZ
CZ further speculated that the report could be linked to efforts to advocate against him and his former company.
“I again heard some rumors about the lobbying of some players against us in America,” CZ Said,
Cointelegraph has approached CZ for more information on lobbying claims.
In November 2023, Zhao said that “FTX demanded regulator ‘Crack Down’ to increase the market share,” citing a federal newswire Report,
Connected: New York Bill proposed to legalize bitcoin, crypto for state payment
Jhao’s comments after Crypto donation affect the concerns among the participants of the industry.
Crypto firms spent more than $ 134 million in “uncontrolled political expenses” in the 2024 US elections, presenting some important challenges, the Cointelamph stated on 10 March.
Fareshek Donation. Source: Polityaccountability.NET
As per 7 March, “While companies making these contributions may demand a favorable regulatory environment, these political donations carry forward the public trust and highlight companies legal, reputed and commercial risks that cannot be ignored.” Report By Center for Political Accountability (CPA).
https://www.youtube.com/watch?v=kqzhvt777xkw
magazine: XRP wins Ripple and industry with no crypto legal example
