WSJ: Binance's CZ Cooperated With DOJ Against Justin Sun in $4.3B Settlement Case

The Wall Street Journal has reported that Changpeng Zhao (CZ), the founder of Binance, provided evidence against Justin Sun, the founder of TRON, as part of a plea agreement with the U.S. Department of Justice (DOJ). The plea deal reportedly stems from allegations against Binance involving money laundering and terrorism financing, for which CZ agreed to pay a $4.3 billion settlement.

The WSJ claims that CZ's cooperation with the DOJ included providing evidence related to financial crimes involving Sun, who is already under investigation by the DOJ and the SEC. The report also mentions Sun's $75 million investment in World Liberty Financial and Binance's internal discussions about seeking a presidential pardon for Zhao.

Both Zhao and Sun have denied the allegations. Zhao referred to the WSJ article as a 'baseless hit piece,' while Sun stated he was unaware of the claims and described Zhao as a mentor and close friend.

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