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Binance Chief Stunned by Trump's Unexpected Clemency Decision

Summary by capitalisminstitute.org
Changpeng Zhao, the billionaire mastermind behind the cryptocurrency giant Binance, found himself caught off guard by a presidential pardon on Oct. 23 that few saw coming. President Trump had granted clemency to Zhao, known as "CZ" in the industry, after he served four months in prison for failing to enforce anti-money-laundering controls at Binance, a violation of the Bank Secrecy Act to which he pleaded guilty. As reported by the New York Post…
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capitalisminstitute.orgcapitalisminstitute.org

Binance chief stunned by Trump's unexpected clemency decision

Changpeng Zhao, the billionaire mastermind behind the cryptocurrency giant Binance, found himself caught off guard by a presidential pardon on Oct. 23 that few saw coming. President Trump had granted clemency to Zhao, known as "CZ" in the industry, after he served four months in prison for failing to enforce anti-money-laundering controls at Binance, a violation of the Bank Secrecy Act to which he pleaded guilty. As reported by the New York Post…

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bitdegree.orgbitdegree.org

Zhao Says Trump Pardon Was Unexpected, No Deal Involved

Changpeng Zhao recently said he did not expect to receive a pardon from US President Donald Trump and denied having any business ties with the Trump family.

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bitdegree.org broke the news in on Monday, November 10, 2025.
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