Justin Sun Dismisses Plea Deal Rumors, Reaffirms Trust in Mentor CZ
12.04.2025 10:07
Tron founder Justin Sun has countered circulating rumors that former Binance CEO Changpeng “CZ” Zhao provided evidence against him as part of a plea deal with the US Department of Justice. In a recent X post, Sun clarified that he is unaware of any such claims and emphasized his close relationship with CZ, describing him as both a mentor and a trusted friend. The remarks came on the heels of a Wall Street Journal report that speculated on the alleged arrangement, citing sources familiar with the matter. Sun also highlighted the integrity and direct communication maintained with the DOJ and partners at the T3 Financial Crime Unit, a collaboration that includes influential names in crypto such as Tron, Tether, and TRM Labs. This development arrives amid ongoing regulatory pressures faced by Sun and his associated entities following SEC actions. The news potentially calms investor concerns regarding Justin Sun’s past legal challenges, though it does little to fundamentally alter the broader regulatory landscape facing the crypto industry.
Justin Sun's dismissal of the rumors is likely to have a stabilizing effect on TRX in the short term, as it reassures investors about the leadership's credibility and relationship with CZ. However, the neutral tone and lack of concrete evidence mean that while sentiment may improve, significant long-term price movement is uncertain.
Although indirectly mentioned through CZ’s involvement, the news could slightly boost BNB's sentiment as CZ is regarded as a key figure in the crypto community. However, since the allegations remain unconfirmed and the tone is measured, any positive price dynamics are expected to be modest and primarily short-term.
Sources
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