Changpeng Zhao ‘CZ’ confirms that he applied for Trump’s forgiveness after prison term
Changpeng “CZ” Zhao, founder and former CEO of Binance, confirmed in a podcast that he formally applied for a presidential forgiveness from Donald Trump-less than one year after delivering a four-month sentence to a federal US prison.
Zhao shares updating on a stage of Farohk Radio Podcaststating that his legal team submitted the application two weeks before it.
“I have lawyers applying. We just submit after the Bloomberg article and the article appeared in the Wall Street Journal,” he said, referring to March Scope That reports that he is looking for a forgiveness while engaged in crypto business deals involving Trump family allies. “And I’m like, well, if they write this article, we can officially apply.”
At this time, Zhao publicly rejected parts of those stories, calling them inaccurate and refusing any active business negotiations involving Binance US
Zhao is Penalized in April 2024 After seeking a year’s fault before failing to maintain an effective anti-money laundering program in Binance, at the time the world’s largest cryptocurrency exchange by trading volume.
Next to his prison term, Zhao Paid a $ 50 million fine. Binance himself paid $ 4.3 billion on what was one of the biggest corporations in US history. He is released in September of last year.
Trump has already forgiven other high -profile figures in the crypto space. They areNclude silk road founder Ross Ulbricht and Bitmex’s co-founders As his administration brought in a more crypto-friendly environmental regulation.
During the podcast, the CZ also announced that he did not invest in Donald Trump’s official memecoin. Kyrgyzstan was advised With the use of BTC and BNB as the initial cryptocurrencies for a potential national crypto reserve.
