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Trump Grants Pardon to Binance Founder Changpeng Zhao, Citing "Not Even a Crime"

Trump Grants Pardon to Binance Founder "CZ"

Dario Cesaro avatar
Written by Dario Cesaro
Updated this week

President Donald Trump has issued a presidential pardon for Changpeng Zhao, the founder of the world's largest cryptocurrency exchange, Binance. Trump stated that he was influenced by numerous individuals who asserted Zhao's innocence and that his actions were "not even a crime." The pardon comes after Zhao served a four-month prison sentence for failing to maintain an effective anti-money laundering program at Binance.

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