Senator Elizabeth Warren's legal team has dismissed defamation allegations made by Binance CEO Changpeng Zhao, asserting that her statements regarding Zhao's legal issues are factual. Warren's lawyer confirmed that her comments on the X platform about Zhao pleading guilty to money laundering charges are supported by public records. In 2023, Zhao admitted to violating the U.S. Bank Secrecy Act by failing to implement effective anti-money laundering measures, a criminal offense. The U.S. Department of Justice's press release from November 2023 detailed that Binance and Zhao pleaded guilty to federal charges, including violations of the Bank Secrecy Act and illegal money transfers, agreeing to pay over $4 billion in fines. This case represents the first criminal charges against a major crypto executive. Warren's team maintains that their statements are based on these public documents, rendering the defamation claims unfounded.