President Trump pardons Binance founder Changpeng Zhao | BBC News

Changpeng Zhao, founder of the world's largest cryptocurrency exchange Binance, has been pardoned by US President Donald Trump.

Zhao, also known as "CZ", was sentenced to four months in prison in April 2024 after pleading guilty to violating US money laundering laws.

Binance was ordered to pay $4.3bn (£3.4bn) after a US investigation found it helped users bypass sanctions.

White House Press Secretary Karoline Leavitt called Zhao's prosecution under the Biden administration part of a "war on cryptocurrency".

Subscribe here: http://bit.ly/1rbfUog

For more news, analysis and features visit: www.bbc.com/news

#Cryptocurrency #BBCNews

Post from BBC News on October 23, 2025

View Original Post