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Who is Changpeng Zhao? Donald Trump Pardons Binance CEO
President Donald Trump has pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange and served prison time for failing to prevent criminals from using the platform to move money tied to child exploitation, drug trafficking and terrorism.
Zhao, known as “CZ,” had previously requested a pardon from Trump.
He has close ties to World Liberty Financial, a cryptocurrency venture launched in September by Trump and his sons, Eric and Donald Jr. Trump’s most recent financial disclosure shows he earned more than $57 million last year from the company, which recently introduced USD1, a stablecoin pegged to the U.S. dollar.
World Liberty Financial also announced that a United Arab Emirates investment fund plans to use $2 billion worth of USD1 to buy a stake in Binance.
This is a breaking news article. Updates to follow.
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