The post Tron’s Justin Sun, Binance’s CZ Debunk DOJ Hoax, What Happened? appeared on BitcoinEthereumNews.com.

Both Binance founder Changpeng ‘CZ’ Zhao and Justin Sun, the founder of the Tron Blockchain, have individually debunked the ongoing rumors that sprang up from a Wall Street Journal post. The media House claimed that CZ is providing evidence against Sun as part of the 2023 plea deal he struck with the US authorities. The Contentious WSJ Publication on Binance Founder On Friday, April 11, the Wall Street Journal published a story about Binance executives meeting with Treasury Department officials in March. According to unnamed sources, their discussion allegedly centered on ways to loosen the US government’s oversight of the cryptocurrency exchange. People familiar with the matter claimed that Binance also mentioned exploring a business deal with the Trump family crypto venture, World Liberty Financial. According to these sources, company executives requested that officials from the Treasury Department in Washington remove the monitor overseeing Binance’s compliance with Anti-Money Laundering (AML) laws. If this were to happen, it would mark a first step toward reinstating the company in the US market after it was found guilty of violating the same AML laws a few years ago. As a lobbyist, the report alleged that CZ, who served a four-month jail term, supposedly agreed to help US prosecutors investigate Justin Sun. The latter is currently facing separate SEC and DOJ scrutiny Justin Sun and CZ Reactions to WSJ Report In response to these rumors, CZ wrote on X, saying “multiple people have told me again WSJ is writing another baseless hit piece about me.” He also tried to educate them on how, even if he wanted to, he could not help the government as a witness. “They seem to have forgotten who went to prison and who didn’t. People who become gov witnesses don’t go to prison. They are protected,” he wrote on X. Sun is…

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Filed under: News - @ April 12, 2025 9:26 pm