Binance Founder Denies Trump Family Deal Talks

Changpeng Zhao, the former CEO of Binance, has firmly denied reports suggesting that he is in discussions with the family of former U.S. President Donald Trump regarding a potential deal for Binance.US. These reports, which surfaced recently, claimed that Trump's family was exploring the possibility of acquiring a stake in the cryptocurrency exchange in exchange for a pardon for Zhao. However, Zhao has categorically refuted these allegations, stating that there have been no such discussions.

In a post on the social media platform X, Zhao clarified that the reports were inaccurate and that he had not engaged in any negotiations regarding a deal for Binance.US. He expressed disappointment that the media had misrepresented the facts, emphasizing that he had not sought a pardon from the U.S. president. Zhao's denial comes amidst a backdrop of speculation and misinformation, which he has criticized for its lack of accuracy and fairness.

Zhao's response to the reports has been firm and unequivocal. He has stated that he has had no discussions about a Binance.US deal with anyone, including members of the Trump family. This denial is significant given the high-profile nature of the individuals involved and the potential implications for both Binance and the broader cryptocurrency industry. Zhao's stance underscores his commitment to transparency and his refusal to engage in speculative or unethical practices.

The former Binance CEO's denial of the reports is not the first time he has had to address misinformation. In the past, he has been vocal about his position on various crypto issues and has defended his actions and decisions. His response to the recent reports is consistent with his approach of addressing rumors and misinformation head-on, ensuring that the public has accurate information.

Zhao's denial of the reports is also significant in the context of his recent legal troubles. He served four months in prison in 2024 as part of a plea deal with U.S. authorities. This background adds an additional layer of complexity to the situation, as some may speculate about the motivations behind the reports and Zhao's response. However, Zhao's clear and unequivocal denial leaves little room for doubt about his position on the matter.

In summary, Changpeng Zhao has denied reports suggesting that he is in discussions with the Trump family regarding a potential deal for Binance.US. His denial is firm and unequivocal, and he has criticized the media for misrepresenting the facts. Zhao's response underscores his commitment to transparency and his refusal to engage in speculative or unethical practices. The situation highlights the challenges faced by high-profile individuals in the cryptocurrency industry, who must navigate a landscape of speculation and misinformation.