Binance’s CZ and Tron’s Justin Sun Deny DOJ Rumors Amid Wall Street Journal Report

Binance founder Changpeng ’CZ’ Zhao and Tron’s Justin Sun have both refuted claims from a Wall Street Journal report alleging collaboration with U.S. authorities. The article suggested CZ was providing evidence against Sun as part of a plea deal, a narrative both executives have dismissed as false.

Tron’s Justin Sun, Binance’s CZ Debunk DOJ Hoax

Both Binance founder Changpeng ’CZ’ Zhao and Justin Sun, the founder of the TRON Blockchain, have individually debunked rumors that emerged from a Wall Street Journal post. The media outlet claimed CZ is providing evidence against Sun as part of a plea deal with US authorities. On April 11, the Wall Street Journal published a story about Binance executives meeting with Treasury Department officials in March, discussing ways to loosen US government oversight of the cryptocurrency exchange. Additionally, Binance mentioned exploring a business deal with the Trump family crypto venture, World Liberty Financial. However, both CZ and Sun have denied these allegations.

WSJ Alleges CZ Agreed to Inform on Justin Sun in Plea Deal; CZ Denies Claims

The Wall Street Journal reported on April 12 that Changpeng Zhao, or CZ, the former CEO of Binance, agreed to assist prosecutors in building their case against Justin Sun, the founder of Tron. The exclusive report cited anonymous sources stating that as part of CZ’s plea deal, he agreed to give evidence on Sun to prosecutors. This arrangement hasn’t previously been reported. Prior to the publication, CZ posted on X that he had learned the WSJ was writing another baseless hit piece. After the report’s publication, CZ further discredited it, stating that the WSJ is really trying. No mentions of specific coins or exchanges related to this news were found.