Trump's Pardon of Binance Founder Sparks Controversy
US President Donald Trump has pardoned Binance founder and former CEO Changpeng Zhao, despite claiming he does not know him.
"I don't know who he is,"
Trump told "60 Minutes" when asked about his reasoning behind the pardon. Changpeng Zhao, also known as CZ, is a billionaire who pleaded guilty in 2023 to violating anti-money laundering laws.
- CZ allowed terrorist groups to use his platform, according to the government.
- Critics have criticized Trump over his connection to World Liberty Financial (WLF), a cryptocurrency business venture linked to his family.
- Binance has reportedly played a part in boosting the venture.
Author's summary: Trump pardons Binance founder CZ.