Changpeng Zhao, former CEO of Binance, opposes some terrible accusations leveled against him by Ari Paul, the founder of Block Tower, claiming he has not been charged with money laundering or fraud.
He also added that all client assets are completely safe. “Several agencies have seen this very closely,” he pointed out.
Earlier this week, the Wall Street Journal reported that CZ agreed to give evidence against Tron founder Justin San as part of a plea agreement with the U.S. Department of Justice (DOJ).
In response to the report, CZ accused WSJ employees of being paid to paint him. He argues that those who are subject to witness protection do not go to prison. Last year, the former Vinanence boss served at a low-security correctional facility in Lompoc, California, a few months later at the back of the bar.
Sun said he “unaware” of recent “rumors.” In his social media post, the Tron founder praised CZ, describing him as a “mentor” and “best friend.”
“Doj wanted everyone to get your dirt.”
However, Paul opposed CZ’s claims and accused him of lying. He claims that Zhao has not been late for more than 25 years to steal money laundering and terrorist financing fees and customer assets, as the DOJ wanted “stains on everyone else in the crypto.”
“The government has valued the industry’s dirt in CZ’s more than 20 years of prison,” Paul said.
In fact, Paul claims that the WSJ is “dramatically underreporting” what the former Binance CEO gave to the government.
The most regulated person in the world
However, CZ claims that Paul is confusing money laundering and money laundering. “One can’t be prevented/police. One does it yourself. Two very different things,” he said. He added that Paul is trying to make up for a non-existent fraud charge.
“…I’m probably the most regulated person on the planet right now,” added CZ.
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