tl;dr
Changpeng “CZ” Zhao, founder of Binance, is engaged in ongoing public disputes with Bloomberg, criticizing the publication for negatively framing his advisory role to various governments on crypto policies. CZ denies allegations reported by US media, including a potential deal with the Trump family,...
Changpeng “CZ” Zhao disputes Bloomberg's negative framing of his government crypto advisory efforts, accusing media of taking his remarks out of context to generate sensational news.
CZ has faced ongoing media scrutiny, including a past defamation lawsuit against Bloomberg and allegations about dealings with the Trump family, which he denies.
Recent reports focus on CZ’s advisory roles in Kyrgyzstan, Pakistan, and Malaysia, often highlighting his criminal past to question his influence on crypto regulation.
Bloomberg emphasized CZ's prison stint and regulatory reprimands, framing his policy advice negatively despite its standard nature.
CZ criticized Bloomberg for misrepresenting his comments about Giggle Academy, a nonprofit helping youth employment, and called their focus on his quote about working with labor ministries a joke.
Changpeng “CZ” Zhao, founder of Binance, is engaged in ongoing public disputes with Bloomberg, criticizing the publication for negatively framing his advisory role to various governments on crypto policies. CZ denies allegations reported by US media, including a potential deal with the Trump family, and claims his remarks are often taken out of context to drive sensational news.
Bloomberg's recent articles highlight his criminal past and regulatory reprimands while portraying his advisory efforts negatively. Despite this, CZ has actively advised countries like Kyrgyzstan, Pakistan, and Malaysia on crypto regulations.
He disputes Bloomberg’s focus on controversial quotes, such as comments about child labor in relation to a non-profit education platform, arguing these are misrepresentations that overlook the main points of his work.
Changpeng “CZ” Zhao is having another public dispute with Bloomberg over his recent efforts to advise various governments on crypto policy. The Binance founder once again called out the publication for negatively framing his advisory efforts.
CZ continues to stress that several media outlets take his remarks out of context to drive breaking news.
CZ CONTINUES TO FACE MEDIA SCRUTINY
Changpeng “CZ” Zhao, former CEO of Binance, has recently been involved in a few spats with major publications. Three years ago, he sued one of the Bloomberg subsidiaries for defamation. Most recently, several US-based publications circulated allegations about a potential deal with the Trump family.
After denying those claims, Bloomberg again published an article centered on CZ’s work advising various governments, prompting a harsh response:
“Another hit piece from Bloomberg. Instead of writing an issue with evidence, they pick a person and write fictional attacks with zero evidence. I heard that Bloomberg may cancel its entire investigative journalism division soon, due to its low ethical standards.” — CZ (@cz_binance) April 24, 2025
In recent months, CZ has been actively advising governments on crypto policies and digital asset regulations. This month alone, he advised Kyrgyzstan on building its crypto hub and joined the Pakistan crypto council.
Earlier this week, he met with the Prime Minister of Malaysia to discuss potential to become a major hub for crypto. This meeting was the center of Bloomberg’s report, framing the regulatory efforts in a negative context.
The article repeatedly highlighted CZ's prison stint for money laundering charges, which he pleaded guilty to. It referenced his criminal past several times along with previous regulatory reprimands.
Several US-based media outlets find it ironic that CZ influences crypto laws despite his struggles with the legal system. However, his actual advice is pretty standard. As a major crypto leader, it’s unsurprising that CZ advocates for balanced or even loose regulation.
Bloomberg quoted a few of CZ’s comments at public appearances, which he claims were taken out of context. For example, it referred to a Q&A about Giggle Academy, a non-profit online education platform that helps youths in emerging markets find employment. When asked about concerns of promoting child labor, he responded:
“I’ve got to be careful on this one. We don’t want to violate any laws about working age. Giggle doesn’t offer a job market on the platform today, but it plans to in the future. We are also willing to work with labor ministries to review or at least explore what’s the right working age for kids,” CZ said.
CZ called this quote a joke, chiding the publication for focusing on it instead of the talk’s main points. Giggle has enrolled over 28,000 children, he claimed.
The article paints his activities in a dark light by constantly referring to his criminal conviction and pairing this remark about “working with labor ministries” with his efforts advising government policy.