World Liberty Financial denies claims of Binance's CZ involvement in foreign deals related to a DeFi platform linked to President Donald Trump.
Zhao claims that the Wall Street Journal report is part of a smear campaign to hinder Binance's growth in the U.S. as a global crypto hub.
Both World Liberty Financial and CZ deny the accusations and assert that there is no misconduct in their foreign business activities.
Binance's CZ faces challenges and past scrutiny, including being fined $4.3 billion for failure to maintain an anti-money laundering program, while maintaining support for the crypto industry.