Binance Labs Invests in World Liberty Financial (WLFI), a Blockchain Project Linked to the Trump Family

A recent Bloomberg report claimed that World Liberty Financial (WLFI), a blockchain project linked to the Trump family, was in talks with Binance

A recent Bloomberg report claimed that World Liberty Financial (WLFI), a blockchain project linked to the Trump family, was in talks with Binance to launch a U.S. dollar-backed stablecoin. It also alleged that Binance co-founder changpeng zhao changpeng zhao Changpeng Zhao is the Founder and Chief Executive Officer at Binance. His contribution to the enhancement of Binance made the platform the world’s largest cryptocurrency exchange since its inception in 2017. Zhao launched the blockchain network Binance Smart Chain which has made a remarkable contribution to the development of the decentralized finance ecosystem. Whereas in 2019, he launched Binance’s US affiliate, Binance. The US.

Details:

Organization: Binance

Location: United Arab Emirates

Skills: Trading System and Electronic Trading

Experience:

CEO at Binance from Jul 2017 to Nov 2023

Founder at BijieTech from Sep 2015 to Jul 2017

Head of Development at Blockchain.com from 2013 - 2014

Partner at Fusion Systems Group from Nov 2005 to Dec 2013

Head of Tradebook Futures Development at Bloomberg from 2001 - 2005

FAQ

1. What is the net worth of Changpeng Zhao?

Changpeng's net worth is $6,260 crores.

2. What are the latest investments of Changpeng Zhao?

Changpeng Zhao investing in the blockchain sector as well as artificial intelligence and biotechnology

EntrepreneurInvestorChief Executive Officer met WLFI co-founder Steve Witkoff at the Bitcoin MENA 2024 conference in Abu Dhabi.

The report quickly made waves in the crypto community, sparking speculation about WLFI’s potential partnership with Binance. But WLFI wasted no time shutting down the claims – taking to X to issue a fiery response, calling the report “politically motivated.”

So, what’s really going on here? Is this just another media vs. crypto clash, or is there more to the story? Let’s break it down.

WLFI Rejects Media Allegations

In a recent post on X, WLFI criticized major media outlets for what it called misleading reports about its business activities. The project accused sections of the media of trying to damage the reputation of the cryptocurrency industry and suggested that the coverage was agenda-driven.

The project specifically called out Bloomberg and The Wall Street Journal for publishing what it described as unverified claims. However, it did not mention which report triggered its response, nor did it reference Binance anywhere in its statement.

“Major media outlets have been reporting false and unverifiable claims about World Liberty Financial's (WLFI) business activities,” the post read.

“This reporting is part of a broader effort to damage the reputation of the cryptocurrency industry and is being driven by a political agenda.”

A Vague but Firm Response

Although WLFI avoided directly addressing the allegations, it highlighted its partnerships with leading blockchain projects. The post ended by advising followers to ignore “clickbait” and rely only on official WLFI updates for accurate information.

“We are proud to be partners with some of the leading projects in the blockchain industry. Our goal is to provide our community with the best possible products and services,” the post added.

“Please be aware of any clickbait articles that aim to misinform the public. Follow our official channels for the latest updates.”