CZ, who pleaded guilty to one felony count as part of a settlement deal with the US Department of Justice, recently reported that he was seeking a federal pardon from President Trump. Bloomberg implied in Friday’s report that the Binance co-founder sought a pardon after the exchange facilitated a large transaction using WLF’s stablecoin — hinting at a possible conflict of interest.
Zhao responded on X:
FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don’t even know where to begin. Might have to sue them again for defamation.
It appears that the former Binance CEO will be following a similar path soon, suing the finance behemoth for defamation for the second time in a few years.
At the time, CZ denied being a fixer and connecting the WLF’s foreign travel team to a certain Mr. Saqib. According to the Binance co-founder, he and the entire crypto industry are being targeted by certain forces who do not want the success of the digital asset sector in the United States.
