- Zhao denies acting as a “fixer” for WLFI.
- No market shifts from WSJ claims.
- Leadership disputes WSJ’s narrative.
Changpeng Zhao has publicly denied allegations from a Wall Street Journal article linking him to World Liberty Financial. This comes amid claims involving Trump’s family.
Denial of Allegations
Changpeng Zhao, founder of Binance, firmly denied involvement with World Liberty Financial, as alleged by the WSJ. The claims reference connections to figures in Trump’s family. Zhao’s public statement refutes any role in facilitating WLFI’s operations.
Zhao specified his interactions with Bilal Bin Saqib did not include introductions to WLFI. Both Zhao and WLFI co-founders labeled the accusations as “laughable” and baseless. This denial was supported by Zak Folkman of WLFI.
“I am not a fixer for anyone. I did NOT ‘connect Mr. Saqib with the WLF team.’ They had known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan.” — Cointelegraph
Market Reaction
Despite high-profile claims, current data shows no significant impacts on crypto markets or Binance. Financial analysts observe no direct funding or asset movements linked to the allegations.
Regulatory bodies like the SEC or CFTC have not started any investigations. The lack of official actions suggests limited legal or market fallout.
While no significant fluctuations in major cryptocurrencies have been observed, similar situations in the past have eventually proven damaging. Analyzing trends, no conclusive market shift is apparent following these unsubstantiated claims.
