12-4-2025 – Fresh allegations have emerged regarding Changpeng Zhao’s (CZ) cooperation with American prosecutors in their investigation of Justin Sun, the Tron founder. The Wall Street Journal’s revelations have ignited a fierce rebuttal from the former Binance chief executive.
The contentious report suggests that CZ’s plea arrangement with the US Department of Justice included providing evidence against Sun, though this claim has met with vigorous denials. Sun himself has stepped forward to defend his long-time associate, characterising their relationship as one of mentorship and friendship whilst emphasising Tron’s transparent dealings with American authorities.
Amidst this controversy, Binance’s current leadership is orchestrating efforts to restore its American operations. Richard Teng, who now holds the chief executive position, has engaged in discussions with Treasury officials regarding the possible reduction of regulatory oversight, particularly concerning the independent monitor installed following last year’s £4.3 billion settlement.
Industry observers note intriguing developments linking Binance to Trump-affiliated ventures, specifically regarding World Liberty Financial’s USD1 stablecoin project. Though CZ has dismissed claims of involvement, speculation persists about potential strategic alignments that could prove advantageous under a future administration.
The timing of these developments coincides with significant shifts in American cryptocurrency enforcement policies. Despite his legal challenges and brief incarceration, CZ’s influence appears undiminished, with his vision continuing to shape Binance’s strategic direction.
The matter has taken on additional complexity as CZ challenged the WSJ’s credibility, dismissing their March report about potential pardons and Trump-linked partnerships as unfounded. This latest confrontation adds another layer to the already complex relationship between the cryptocurrency pioneer and mainstream media outlets.
