WLFI Denies WSJ Report Linking Them in Trump-Backed DeFi Project

The article claimed Binance founder Changpeng Zhao (CZ) may have helped WLFI co-founders Zak Folkman and Zach Witkoff establish connections in regions like Pakistan, Abu Dhabi, and Kyrgyzstan—suggesting Zhao played a behind-the-scenes “facilitator” role for the politically charged crypto project.

Folkman swiftly responded via WLFI’s official X account, calling the allegations both false and absurd.

“The suggestion that CZ acted as a ‘facilitator’ or ‘fixer’ for Zach Witkoff or WLFI is not only false, it’s laughable,” Folkman wrote.
Zhao, often referred to as CZ, has also distanced himself from the claims. A Binance spokesperson reiterated that while Zhao has long been a driver of global crypto innovation, the company has no direct involvement in WLFI.

“Zhao and Zach Witkoff are friends,” a WLFI spokesperson acknowledged, “but Zhao doesn’t act as a fixer.”
The WSJ article cited unnamed sources and offered limited detail about Zhao’s alleged involvement. Still, the timing and political overtones of the report have stirred controversy, especially as WLFI gains visibility for its association with former President Donald Trump and his sons.

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Both organizations maintain that the claims misrepresent personal relationships and overstate business interactions, calling the article a misguided attempt to conflate proximity with partnership.

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