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Bloomberg: Binance Accused by CZ of Assisting WLFI in Creating USD1 Code, Denies Report's Accuracy

Summary: According to Bloomberg, citing three sources, Binance reportedly assisted WLFI in creating the basic code for the USD1 stablecoin before seeking forgiveness from CZ, and played a role in its largest transaction. In response, CZ stated that Bloomberg's article was sponsored by a competitor and contained multiple factual errors.

According to Bloomberg, citing three sources, Binance reportedly assisted WLFI in creating the basic code for the USD1 stablecoin before seeking forgiveness from CZ, and played a role in its largest transaction. In response, CZ stated that Bloomberg's article was sponsored by a competitor and contained multiple factual errors.

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Link: Bloomberg: Binance Accused by CZ of Assisting WLFI in Creating USD1 Code, Denies Report's Accuracy   [Copy]
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