Binance’s CZ Denies Allegations of Informing on Justin Sun in DOJ Case

Binance founder Changpeng Zhao Changpeng Zhao   Changpeng Zhao, populalrly known as CZ, is a Chinese-Canadian businessman. He founded Binance, the biggest cryptocurrency exchange in the world based on trading volume. CZ came across Bitcoin (BTC) in 2013 from a friend.   Quick Facts   Full Name Changpeng Zhao Birth  1977 in Lianyungang, Jiangsu, China Nationality Chinese-Canadian, UAE Education BSc. from McGill University Marital Status Married to Yang Weiqing Famous For Binance, Advocate for decentralized finance, blockchain tech. Net Worth $59.4B (refer for realtime)   Before starting Binance in 2017, he was the Head of Development at Blockchain.info and the Chief Technology Officer (CTO) at OKCoin. Under CZ, Binance launched an ICO (Initial Coin Offering) that raised $15 million and rapidly became the largest exchange within months.   To improve trading options, the firm introduced Binance Smart Chain (BSC), Binance Labs, Binance Academy, Binance Launchpad, and other blockchain-based solutions. CZ has influenced the global adoption of crypto by offering regulatory compliance, DeFi solutions, and infrastructure for digital assets.   CZ’s Career Timeline   Tokyo Stock Exchange (2001–2003) – Developed trading systems for financial institutions. Bloomberg Tradebook (2003–2005) – Worked as a software developer for high-frequency trading systems. Fusion Systems (2005–2013) – Co-founded this financial technology firm specializing in ultra-low-latency trading solutions. Blockchain.info (2013–2014) – Served as Head of Development, working with early Bitcoin adopters like Roger Ver and Ben Reeves. OKCoin (2014–2015) – Worked as Chief Technology Officer (CTO) at one of the largest fiat-to-crypto exchanges at the time. Binance (2017–2023) – Founded Binance and led it to become the world's largest cryptocurrency exchange before stepping down as CEO in 2023.   Awards and Recognizations of CZ   List of achievements Year Bloomberg 50 – Most Influential People in Finance 2021 Forbes Crypto Rich List – Billionaire Status 2022 Top 10 Most Influential People in Crypto (CoinDesk) 2022 Binance – World’s Largest Crypto Exchange by Volume 2018-23   There were regulatory issues in some countries about crypto. However, CZ continued to support decentralization, financial freedom, and innovation in the cryptocurrency industry. After reaching an agreement with U.S. regulators over compliance violations, in 2023, he resigned as CEO of Binance.   Useful Links To Connect With CZ   X (formerly Twiter) https://twitter.com/cz_binance? Instagram CZ_Binance (@changpengzhao)  LinkedIn Changpeng Zhao - Binance | LinkedIn     EntrepreneurInvestorChief Executive Officer , better known as CZ, is back in the crypto spotlight—this time, at the center of a fresh controversy. A new Wall Street Journal report claims CZ agreed to provide evidence against Tron founder Justin Sun Justin Sun   Justin Sun is a well-known figure in the cryptocurrency industry, entrepreneur, and former diplomat. He established the Tron blockchain DAO system and rose to prominence in the cryptocurrency space as a result of his works. He represented Grenada permanently at the WTO in Geneva as a diplomat.   Quick Facts   Full Name Justin Sun Birth 30-07-1990 in Xining, Qinghai, China Nationality Chinese, Grenadian Education Peking University, University of Pennsylvania Marital Status Unmarried as of 2025 Net Worth $2B estimated   Additionally, Justin mentors BitTorrent, Animoca, Poloniex, and other blockchain projects. He was in the news recently due to the standoff with the US SEC charge and a meal with Warren Buffet has made headlines.   Justin Sun - Career Highlights   2017: Founded TRON to revolutionize decentralized content sharing and blockchain scalability. 2018: Acquired BitTorrent to integrate decentralized file sharing into the TRON ecosystem. 2018: Launched TRON’s mainnet, offering a high-speed, scalable blockchain for digital assets. 2018: Achieved record-breaking TRX token sales, fueling mass crypto adoption globally. 2019: Forged strategic global partnerships to expand TRON's decentralized ecosystem. 2020: Advanced TRON’s role in decentralized finance (DeFi) with innovative blockchain projects. 2021: Earned media recognition in Forbes and Bloomberg as a visionary in the crypto space. 2022: Expanded TRON’s ecosystem with new DeFi, NFT, and Web3 initiatives. 2023: Pushed forward groundbreaking Web3 and NFT projects, cementing TRON's industry leadership.   In November 2024, Justin Sun contributed $30 million to World Liberty Financial (WLF). It is a cryptocurrency venture backed by the Trump family. He intervened when the project seemed to be having issues raising the money it needed, putting the Trump family at risk of receiving a payoff.   Awards & Achievements of Justin Sun   Year Title/organization Description 2018 Forbes Recognized for exceptional achievements in blockchain innovation. 2019 Crypto Awards Honored for pioneering leadership in digital currency innovation. 2020  World Blockchain Summit Awarded for driving growth in TRON’s decentralized ecosystem. 2021 Business Insider Recognized as one of the leading CEOs in the blockchain industry. 2022  CoinMarketCap Awards Celebrated for a significant impact on global cryptocurrency trends.   Useful Links To Connect with Justin Sun   Platform Link X (formerly Twitter) H.E. Justin Sun 🍌 (@justinsuntron) / X LinkedIn H.E. Justin Sun – HTX | LinkedIn Official Website https://justinsuntron.com Instagram https://www.instagram.com/justinsuntron     EntrepreneurInvestorCrypto and Blockchain ExpertChief Executive Officer as part of his plea deal with the U.S. Department of Justice (DOJ). It’s a surprising twist, especially considering the close ties between the two crypto heavyweights.

While CZ hasn’t responded directly to the accusation, he’s already calling out the WSJ for what he describes as yet another “baseless” attack.

CZ Pushes Back on WSJ: No Basis Again?

On April 11, CZ posted on X, accusing the WSJ of targeting him once more “without any basis.” This is the latest chapter in a series of disputes between Zhao and the publication. Just last month, the WSJ reported that Binance was pursuing a partnership with a Trump-linked crypto venture and seeking a presidential pardon for CZ—claims he called “pure fabrication.”

Now, with the DOJ reportedly involved, the tension has escalated. According to the WSJ, CZ allegedly agreed to give U.S. prosecutors information about Justin Sun, who is currently under investigation by the Securities and Exchange Commission (SEC).

Justin Sun Responds

Justin Sun didn’t stay silent. He called the claims against CZ “baseless” and stood by him publicly, referring to Zhao as both a mentor and a close friend. Sun also said that the Tron Foundation maintains clear and honest communication with the DOJ. He praised President Donald Trump’s approach to crypto and said he remains confident in the U.S. market.

Binance Eyes U.S. Comeback

This latest controversy comes at a time when Binance is trying to restore its standing in the United States. The company’s leadership, including current CEO Richard Teng, recently met with Treasury officials. Their goal: to reduce or remove the independent monitor that’s been overseeing Binance’s anti-money-laundering practices.

That monitor was part of a $4.3 billion settlement Binance agreed to in 2023, following a guilty plea for allowing illegal financial activity on its platform.

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Reports also suggest Binance is getting closer to ventures linked to Donald Trump, particularly a stablecoin called USD1 issued by World Liberty Financial. The token is strongly supported by both Justin Sun and the Trump family. If Binance lists it, the coin could generate major profits – and possibly help pave the way for a presidential pardon for CZ under a new administration.

What’s Next for CZ and Binance?

As the U.S. shifts its crypto enforcement approach under Trump’s leadership—including a pause on DOJ monitorships—Binance seems to be positioning itself for a return to the American market. Even though CZ served a short prison sentence, he’s still a key figure in the company’s future.

While he denies any connection to World Liberty Financial, insiders believe that CZ’s long-time relationships in the crypto space could play a big role in Binance’s next moves.

With major players like Justin Sun, the Trump family, and U.S. regulators involved, the future of CZ—and Binance’s comeback in the U.S.—is still up in the air.

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