- Binance co-founder Changpeng Zhao denied claims of acting as a facilitator for World Liberty Financial in Pakistan.
- WLFI co-founder Zak Folkman stated that the company’s discussions with Pakistan government officials never revolved around foreign policies.
- The accusations stem from an article claiming that CZ facilitated conversations between WLFI and members of the Pakistani government.
World Liberty Financial (WLFI) refuted claims that it used Binance founder Changpeng Zhao (CZ) to facilitate discussions during a business trip to Pakistan. The crypto project also denied accusations of having spoken with Pakistani officials about matters related to the U.S. government.
Binance’s CZ and World Liberty Financial Respond to Report
Binance founder Changpeng Zhao, and World Liberty Financial (WLFI) co-founder Zak Folkman, denied a report alleging that they collaborated to facilitate discussions between the DeFi platform and officials from the government of Pakistan.
In a post on social media X on Friday, CZ described the report as an “attack article” used to draw attention through Cunningham’s Law, which suggests that the best way to get the right answer on the internet is to post the wrong answer first.
CZ revealed that he was interviewed by the PR team and claimed that he was asked several questions with “incorrect and negative assumptions.”
He also rejected the suggestion that he acted as a “facilitator” for WLFI during its international engagements in Pakistan.
Likewise, Folkman criticized the article, insisting that there was no coordinated effort between Binance and WLFI to promote the company in Pakistan.
The WLFI co-founder shared that he and his team traveled to Pakistan, where they met with Bilal bin Saqib, the country’s top advisor for its cryptocurrency council, who, according to Folkman, has been a long-time friend.
Folkman refuted accusations that U.S. envoy to the Middle East, Steve Witkoff, and his son, Zach Witkoff, have been working in connection to establish relationships for the Trump administration and WLFI.
He stressed that the company did not discuss foreign policy in Pakistan and that it “has never coordinated with the U.S. government.”
It is not the first time that claims have been published that CZ has denied. The publication alleged in April that the founder of Binance provided evidence against Justin Sun in his case with the U.S. Department of Justice after CZ announced that he was appointed “strategic advisor” to Pakistan’s cryptocurrency council.
It also published in March that the Trump family has been in talks with CZ to buy a stake in Binance US.
CZ stated that the publication is a “mouthpiece” for “forces in the U.S.,” whose goal is to hinder the country from becoming the crypto capital of the world.
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