As a researcher, I would rephrase it as follows: In response to allegations made by The New York Times, I, Changpeng “CZ” Zhao, founder of Binance, have publicly refuted their claims, asserting that the publication is spreading Fear, Uncertainty, and Doubt (FUD) through insinuations about a personal or business connection between myself and Tianying “Sky” He, an attendee at a recent Washington D.C. dinner promoting pro-Trump meme coins.
Today, a disagreement arose when CZ publicly disclosed private correspondences from reporters on his X account. He firmly dismissed any significant connections between himself, Sky, or his venture, LuckyFuture, to the allegations made by The New York Times. Instead, he sarcastically criticized the grounds for their inquiries.
“FUD in the Making”
As per Zhao’s statement, the comprehensive NY Times investigation directly questioned whether Tianying He had any personal or familial ties to CZ (Changpeng Zhao) or He Ye, and if his company, LuckyFuture, was associated with Binance in any way.
As an analyst, I’ve observed some interesting connections between Sky He and Zhao. On Sky’s profile, there’s a photo of them together, they engage online, and occasionally, he refers to him as “大表哥,” which translates to “big cousin” in English, suggesting a close relationship.
CZ argued that these questions were unfounded and based on pessimistic presumptions because there’s insufficient proof, directly questioning:
“How desperate do you have to be to make up the story above? Or are you being paid to smear?”
As a researcher, I recently found myself addressing a topic where the ex-CEO of Binance playfully urged his audience to “witness the creation of FUD (Fear, Uncertainty, and Doubt)” before meticulously debunking any implied associations. He made it clear that he only started following Sky after coming across a post from May 2024, featuring the BNB Chain logo, which was shared by the attendee of a dinner with former President Trump. Crucially, he emphasized that he had no prior relationship with him before this encounter.
Additionally, CZ admitted that he learned about Sky’s project, LuckyFuture, following his own public announcement regarding continuous decentralized exchanges. This led Sky to contact him directly.
The 48-year-old firmly refuted any claims that he had talked about Trump or U.S. matters with Sky. Instead, he clarified that his use of “big cousin” was simply a friendly and respectful term widely used within the large Chinese-speaking cryptocurrency community, not an actual family relationship. He jokingly added that in Token Dubai alone, he had taken over 600 selfies with people from these communities who often referred to him as such.
A Pattern of Combating “Negative” Reporting
This recent resistance arises merely weeks following an exchange between Zhao and the Wall Street Journal, where they debated allegations that he served as a liaison, or “fixer,” in setting up international political conferences for Donald Trump’s World Liberty Financial (WLF).
Prior to that, an article published by the same source claimed that the crypto entrepreneur was said to have discussed potential investments in Binance.US with Trump family representatives. This report from The Wall Street Journal suggested a connection between this and his subsequent pursuit of a presidential pardon after pleading guilty for breaking U.S. anti-money laundering regulations, leading to a four-month imprisonment and prohibition from managing Binance.
After receiving those reports, CZ admitted on May 8, 2025, that he had requested clemency from President Trump through his legal representatives, using the president’s pardon of the BitMEX founders (who also confessed to Bank Secrecy Act violations) as a precedent.
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2025-06-06 15:09