- Benance co-founder Changpeng Jhao denied claims to act as a mastermind for the World Liberty Financial in Pakistan.
- WLFI co-founder Zak Folkman said that the company’s discussion with Pakistan’s government officials never happened around foreign policies.
- Allegations of an article by a Wall Street Journal claim that CZ has provided conversation between WLFI and Pakistani government members.
The World Liberty Financial (WLFI) on Friday denied claims by the Wall Street Journal (WSJ) that it took advantage of Binen’s founder Changpeng Jhao (CZ) to facilitate the discussion during a commercial visit to Pakistan. The Crypto project also denied allegations that it talked about matters related to the US government with Pakistani officials.
Binance’s CZ and World Liberty Financial Push Back on WSJ report
Binance founder Changpeng Jhao and World Liberty Financial (WLFI) co-founder Zak Fokman denied Wall Street Journal Report Alleging that he cooperated to facilitate the discussion between DEFI Manch and Pakistan government officials.
In an x Post On Friday, CZ described the report as a “hit piece”, which is used to draw attention through the law of Cunningham, which the best way to get the correct answer on the Internet suggests that the first wrong answer is to post.
CZ revealed that he was interviewed by the WSJ’s PR team and claimed that he was asked several questions with “wrong and negative beliefs”.
He also rejected the suggestion that he worked as a “fixer” or facility for WLFI during his international engagement in Pakistan.
Similarly, Folkman exploded the WSJ article, insisting that no coordinated attempt was made between Benance and WLFI to promote the company in Pakistan.
The co-founder of WLFI shared that he and his team visited Pakistan, where they met with Bilal bin Saqib, the Chief Advisor of their Crypto Council, who revealed by Folkman has been a long-time friend.
Folkman denied the WSJ allegations that we are working in relation to establishing relations for messengers, Steve Witcoff and his son, Zach Witcoff, Trump administration and WLFI in the Middle East.
He said that the company did not discuss foreign policy in Pakistan and “never coordinated with the US government.”
This is not the first time WSJ has released claims that CZ has refused. Publication alleged in April that the founder of Benance gave evidence in his case with the US justice department after CZ against Justin Sun. Announced He was appointed a “strategic advisor” for the Pakistan Crypto Council.
Also Posted In March that the Trump family has interacted with CZ to buy a stake in Benance US.
CZ said that publication is a “mouthpiece” for the “forces” in the US, which aims to prevent the country from becoming the world’s crypto capital.
