Binance Founder CZ Rejects Reports About Trump Family Investment and Pardon Talks
Changpeng Zhao, the CEO and founder of Binance, frequently stresses transparency in his appearances. Speculation about a rumored investment by the Trump family in Binance and connections to pardon talks remain denied by CZ. A clear rejection now follows through official channels.
Binance founder Changpeng Zhao, known as “CZ,” is stepping up the fight against rumors with a detailed blog post, officially denying allegations. These are particularly coming from the portal Semafor in the U.S., which reported questionable investments by the Trump family in Binance subsidiaries and possible contacts in the circle of U.S. ex-President Donald Trump for avoidance of threatened criminal charges.
The Allegations Against Binance and CZ
Earlier in the year, High-profile accusations circulated in the media that Binance had received investments from the Trump family shortly before the 2020 U.S. presidential election. Binance supposedly channeled this money through opaque paths into subsidiaries and front companies. Additionally, Semafor wrote that CZ had sought contacts in Trump’s circle who were supposed to use their influence in exchange for cash to prevent legal problems for Binance and CZ in the U.S.
Although CZ previously commented on such reports on social media, his latest blog post represents a broader public statement. He emphasizes: Binance and its representatives strictly adhere to valid laws and do not engage in political influence as a business model. Additionally, he presents evidence that key allegations against Binance and him come from former employees who have a personal vendetta.
Background to the U.S. Article Series Against Binance
The currently ongoing legal proceedings against Binance in the U.S. provide an obvious backdrop for the Artificial Intelligence language attempts to associate the company with political networks intent on securing personal advantages. U.S. authorities indicted Binance with accusations of illegally circumventing registration duties and money laundering starting in June, and a separate civil trial specifically targets CZ over allegedly illicit business done through Binance directly to U.S. customers.
In conclusion, CZ takes clear stands and presents his detailed evidence in response to what he perceives as systematic criticism from parts of the U.S. press. Binance aims to clarify doubts in courts where possible and further pursue legal action to disprove false claims.
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