Binance founder Changpeng Zhao was linked to WLFI in a politically charged crypto project as claimed by a WSJ article.
WLFI co-founder Zak Folkman refuted the allegations, calling them false and absurd, denying CZ's role as a facilitator.
Both Zhao and WLFI distanced themselves from the claims, stating no direct involvement of Binance in the project.
The WSJ article cited unnamed sources and limited details on Zhao's alleged involvement, sparking controversy amid WLFI's ties to former President Donald Trump and his sons.