CZ Denies WSJ Report Linking Him to Trump-Backed World Liberty Financial

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Is This the Most Absurd Financial Scandal Ever? You Won’t Believe What Happened!

So, picture this: the Wall Street Journal, that bastion of journalistic integrity, decides to drop a bombshell. They suggest that Steve Witkoff, a former envoy to the Middle East during the Trump era (yes, that Trump), and his son Zach, are somehow involved in the expansion of World Liberty Financial International (WLFI). It’s like saying your neighbor’s cat is secretly running a hedge fund. 🐱💰

In a twist that could only be described as a plot twist worthy of a daytime soap opera, Zhao, the man at the center of this financial tempest, calls the report a “smear piece.” He claims it misrepresents his actions and affiliations. I mean, who doesn’t love a good misrepresentation? It’s like being accused of stealing cookies when you were just trying to bake a cake. 🍰

Zhao goes on to explain that the WSJ had the audacity to contact him before publishing this masterpiece of misinformation. They asked him a series of questions that he believed were based on incorrect assumptions. One of the gems was whether he was “establishing the overseas connections of the Trump-backed project WLFI.” Because, of course, who wouldn’t want to be linked to a project that sounds like it was named by a toddler? 🤷‍♂️

Instead of giving them the satisfaction of a direct response, Zhao and his team decided to inform the publication that their questions were based on misinformation and unfounded inferences. But lo and behold, the article still managed to include a statement claiming he facilitated overseas promotions for WLFI. It’s like trying to explain to a toddler why they can’t have ice cream for breakfast—good luck with that! 🍦

Zhao, clearly unimpressed, emphasized that he had no involvement with the project and deemed the WSJ’s coverage as biased and irresponsible journalism. He asserted that the report lacked factual basis and didn’t meet the professional standards for investigative reporting. In other words, it was about as reliable as a weather forecast in the middle of a hurricane. 🌪️

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2025-05-23 22:49