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Tensions flared in the crypto sector as Coinbase denied allegations of fueling a Bloomberg report targeting Donald Trump’s crypto project and binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance. The report linked Binance’s former CEO, CZ Zhao, to a potential pardon request, sparking industry backlash.
- Coinbase denied allegations it was the source behind a Bloomberg report scrutinizing Trump’s crypto project and Binance.
- The report linked Binance’s former CEO CZ Zhao to a pardon request after a UAE investment deal involving USD1 stablecoin.
- CZ confirmed seeking a pardon but stated he won’t return to Binance leadership, while critics blasted the report’s lack of evidence.
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