Changpeng Zhao, widely known as CZ, the founder of Binance, has publicly criticized The New York Times (NYT) for what he claims is a fabricated story linking him to a controversial Trump memecoin dinner. In a recent outburst on social media, CZ expressed his frustration over the alleged smear campaign, accusing the publication of misrepresenting his limited interactions during the event.
The controversy stems from a reported dinner event tied to the TRUMP memecoin, a cryptocurrency that has garnered attention due to its association with political themes. According to posts found on X, CZ has denied any significant involvement, asserting that the NYT is attempting to create a narrative that paints him in a negative light.
This is not the first time CZ has faced media scrutiny. Having stepped down as CEO of Binance after pleading guilty to money laundering charges in 2023 and the company paying a hefty $4.3 billion fine, his actions remain under a microscope. Despite these challenges, CZ continues to be a prominent voice in the crypto industry.
The accusations against NYT highlight ongoing tensions between influential crypto figures and traditional media outlets. CZ’s response underscores a broader concern within the cryptocurrency community about biased reporting and its impact on public perception.
While the specifics of the NYT article in question remain unclear, the sentiment on social platforms suggests a growing divide. Supporters of CZ argue that such stories are attempts to undermine the credibility of crypto pioneers, while critics believe media outlets are justified in scrutinizing high-profile figures in a largely unregulated industry.
As this story develops, it remains to be seen whether CZ will take further action against the publication or if the NYT will issue a response to his claims. For now, the clash serves as a reminder of the complex relationship between cryptocurrency leaders and mainstream media.
Alfred Lee
