cryptojournalist
Seeking a Fresh Start
Former Binance CEO Changpeng Zhao (CZ) hinted he’s open to a pardon from Donald Trump. In a Dec. 1 post on X, CZ replied to a comment saying he “wouldn’t mind a pardon.” Trump will take office as the next U.S. President on Jan. 20.
Legal Issues at Binance
CZ pleaded guilty in November 2023 to charges related to Binance’s weak Anti-Money Laundering practices. After serving four months in prison, his record still reflects the conviction, potentially limiting future business opportunities.
Impact of a Presidential Pardon
A pardon wouldn’t erase CZ’s conviction but could help him overcome legal and professional challenges tied to it, according to the U.S. Department of Justice.
CZ’s Post-Binance Role
CZ stepped down as Binance’s CEO in 2023 as part of his plea agreement. He has reiterated he doesn’t intend to return to the role, and Binance’s current CEO, Richard Teng, confirmed CZ is barred from managing the company.
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