Binance co-founder CZ denies reports linking him to a stablecoin associated with Trump and threatens to sue Bloomberg for defamation.
Bloomberg claimed Binance helped design a stablecoin used in a $2 billion investment deal, hinting at a conflict of interest regarding a pardon sought by CZ from Trump.
CZ refuted Bloomberg's claims as 'FUD' and mentioned potential legal action for defamation, recalling a previous legal dispute with the media company.
Bloomberg and WSJ have published controversial reports targeting CZ, with claims of improper connections to Trump-linked entities and attempts to undermine the crypto industry.