Binance Founder CZ Retweets Allegations of Coinbase Smear Campaign Against Trump and Binance

Binance Founder Shares Explosive Claim About Coinbase

Changpeng Zhao, the former Binance CEO better known as CZ, recently retweeted a post by influencer Matt Wallace that’s stirring up controversy. The claim? That Coinbase might be secretly fueling negative press about Donald Trump’s crypto venture, World Liberty Financial—and Binance itself.

Wallace didn’t hold back. “Evidence is emerging,” he wrote, suggesting Coinbase could be the “anonymous source” behind what he calls a “smear campaign” against both Trump’s project and Binance. It’s a bold accusation, and honestly, it’s hard to say how much weight it holds. But the timing is interesting.

Why Would Coinbase Care About Binance?

According to Wallace, Coinbase execs are nervous. The possibility of CZ getting a presidential pardon—and Binance making a legal comeback in the U.S.—seems to have them sweating. And maybe for good reason. Binance is still the biggest crypto exchange globally, even after all its legal troubles. If it returned to the U.S. with full approval, Coinbase could lose a chunk of its market share overnight.

Let’s be real—Coinbase isn’t exactly beloved for its low fees or stellar customer service. A lot of traders would probably jump ship if Binance came back. Wallace even called the alleged tactics “un-American,” arguing that targeting a presidential candidate to hurt a competitor is a shady move.

But here’s the thing: Wallace didn’t provide hard proof. He says evidence is “emerging,” but we’re left wondering what that actually means. Are there documents? Insider sources? Or is this just speculation? It’s unclear.

The Bigger Picture

Politics and crypto have always been messy, but this feels like a new level. If Coinbase really is behind these leaks (and that’s a big *if*), it raises questions about how far companies will go to protect their turf. Then again, it’s just as possible that Wallace is connecting dots that aren’t really there.

CZ’s retweet doesn’t necessarily mean he endorses the theory, either. He might just find it worth discussing. Or maybe he’s subtly keeping the pressure on Coinbase. Who knows?

One thing’s for sure: the crypto world loves drama. And with Trump’s pro-crypto stance gaining traction, this probably isn’t the last we’ll hear of these accusations.

*Not investment advice, obviously. Just a weird story that’s worth keeping an eye on.