Updated on:12/25/2025 06:32 PM 
Changpeng Zhao, the renowned entrepreneur and former head of Binance, has firmly rejected recent allegations published by the Wall Street Journal (WSJ) suggesting his involvement as a "fixer" for World Liberty Financial (WLFI), a decentralized finance initiative associated with the Trump family.
In a detailed response posted on X on May 23, Zhao characterized the WSJ report as deliberately misleading, claiming the publication manipulated facts to create a misleading narrative about his connections to the emerging DeFi project.
The cryptocurrency industry pioneer specifically addressed the WSJ's assertion that he had arranged meetings between Bilal Bin Saqib, leader of the Pakistan Crypto Council, and representatives from WLFI.
The original article implied that these introductions resulted in Saqib's advisory position with the organization and a formal agreement with Pakistani government officials.
However, Zhao categorically dismissed these claims, emphasizing:
The blockchain innovator also refuted suggestions about his role in facilitating WLFI's international engagements, highlighting that the WSJ story was based on incorrect assumptions. He clarified:
This confrontation represents another chapter in the series of disagreements between Zhao and the WSJ, whom he accuses of consistently publishing inaccurate information about him and his ventures.
Just last month, in April, the Binance founder dismissed reports suggesting he had agreed to provide testimony against Justin Sun as part of a legal settlement with American authorities. He had previously denied speculation that President Trump had expressed interest in investing in Binance.
Reflecting on what he perceives as a pattern, Zhao compared the WSJ's reporting methodology to Cunningham's Law—a principle suggesting that the most effective path to truth often involves first presenting an incorrect answer.
The cryptocurrency leader offered a sharp critique of the traditional media outlet, stating:
Zhao concluded by suggesting that Wall Street Journal stories targeting cryptocurrency figures are being leveraged by opponents of digital assets to damage the industry's reputation, undermine its key contributors, and impede pro-crypto developments in the United States.
