Binance's CZ reposted claims that Coinbase leaked a Bloomberg report linking him and Binance to Trump's crypto venture, viewing it as an effort to undermine Binance.
The Bloomberg article alleged that CZ authored USD1's smart contract and sought a presidential pardon after a US$2B UAE deal; CZ called it a 'hit piece' and hinted at suing.
Coinbase's legal chief denied involvement, stating that the company didn't contribute to the story and doesn't attack competitors.
The news revolves around accusations and denials between Binance's CZ and Coinbase regarding a Bloomberg report linking them to Trump's crypto venture and a potential presidential pardon.