Binance founder CZ Zhao asked Trump to pardon money laundering conviction
Image Credit: cointelegraph- Binance founder Changpeng Zhao (CZ) confirmed he applied for a presidential pardon from Donald Trump for his money laundering conviction, reversing earlier denials of such a request.
- Zhao pleaded guilty in November 2023 as part of a $4.3 billion settlement with US authorities and served a four-month prison sentence, stepping down as Binance CEO.
- The pardon application was influenced by Trump’s pardoning of BitMEX founders and was submitted about two weeks prior to the podcast announcement.
- Zhao has no plans to return as CEO but remains a Binance shareholder and has been involved in crypto advisory roles in Pakistan and Kyrgyzstan.
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