[Changpeng Zhao Denies Allegations of Binance Using Stablecoin Deposits to Transfer Benefits to the Trump Family]
Cryptocurrency researcher FatMan posted on the X platform, claiming that Binance deposited $2 billion into stablecoins issued by WLFI, generating annual interest of $80 million to $87 million. Since the Trump family is entitled to approximately 60% of WLFI's profits, FatMan speculated that Binance would need to pay the Trump family $48 million to $52 million in interest annually, describing this as an 'open wealth transfer.'
In response, Changpeng Zhao shared comments from crypto lawyer Teresa Goody Guillén, emphasizing that holding or using an asset does not equate to investing in its issuer, refuting the logic behind the allegations. Additionally, Changpeng Zhao stated that Binance has converted many of the stablecoins it received, asserting that the accusations lack basis.