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White House pardons billionaire crypto exec Changpeng Zhao two years after Binance founder pleaded guilty in landmark DOJ investigation
- President Donald Trump pardoned Changpeng Zhao, the founder of Binance, who was previously convicted for failing to prevent money laundering while serving four months in prison after pleading guilty in 2023.
- Zhao was ordered to pay over $4 billion to the Department of Justice as part of the settlement for his violations under the Bank Secrecy Act.
- Following the pardon, Zhao expressed gratitude and thanked President Trump for upholding America's commitment to fairness and justice.
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The White House called Chanpen Zhao "a victim of war against cryptization".
Trump pardons high-profile cryptocurrency figure
Washington — President Donald Trump has pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange and served prison time for failing to stop criminals from using the platform to move money connected to child sex abuse, drug trafficking and terrorism.
·Syracuse, United States
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Donald Trump has pardoned Zhao Changpeng, the founder of Binance, the world's largest cryptocurrency exchange, after he was convicted of money laundering.
Coverage Details
Total News Sources342
Leaning Left70Leaning Right31Center93Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 36%
C 48%
R 16%
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