The post WSJ alleges CZ agreed to inform on Justin Sun in plea deal; CZ denies claims appeared on BitcoinEthereumNews.com.

The former CEO of Binance, Changpeng Zhao or CZ, agreed to assist prosecutors in building their case against Justin Sun, the founder of Tron, The Wall Street Journal reported on April 12. The exclusive report that cited anonymous sources familiar with the matter stated: “As part of Zhao’s plea deal, he agreed to give evidence on Sun to prosecutors.” This “arrangement” or clause of his plea deal “hasn’t previously been reported,” the report said. CZ discredits WSJ report as “hit piece” Prior to the WSJ report’s publication, CZ posted on X that he had learned that the WSJ was writing “another baseless hit piece.” He noted that he had received the information from “multiple” sources. After the report’s publication, CZ further discredited it on X, stating: “WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn’t.” CZ pleaded guilty to violating anti-money laundering laws by failing to institute proper measures to bar criminals from using the largest crypto exchange. He also resigned from his position as CEO and agreed to pay a $50 million fine. Zhao was also barred from involvement in Binance for three years. After serving a four-month sentence, CZ was released on Sept. 27, 2024. He claims that his prison sentence is proof that he did not agree to inform on Sun since “People who become gov witnesses don’t go to prison. They are protected.” The above claim by CZ is not entirely accurate. It is true that providing testimony or evidence against another individual can lead to benefits in a plea deal, like a reduction in sentence or immunity. However, individuals can still be prosecuted if prosecutors obtain evidence of their crimes independently. Nevertheless, CZ noted: “I heard someone paid WSJ employees to smear me.” CZ has denied previous…

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Filed under: News - @ April 13, 2025 1:48 am