Trump Pardons Binance Co-Founder Changpeng Zhao For Some Reason
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Big W for the convicted Binance creator Changpeng Zhao (AKA CZ, BI-Guy, or Peng-Boy as I like to call him), as he has just been pardoned. Congrats, mate, we all knew you could do it.
In a statement, White House press secretary Karoline Leavitt said Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”
Ahh, ok, right, so this is just a political thing. This is Trump trying to score points against Biden and win favor with the crypto bros (big voting bloc).
Zhao previously bribed away the previous administration previously with $4.3 billion dollars in money and then went to prison anyway. He’s out of prison now btw, he only served for four months, but still.
But Zhao might now be able to return to the world’s largest crypto exchange, the company he helped found in 2017. I mean, if they’ll have him, of course.
Binance, Get It? Like Finance, But Bitcoin? …It’s Very Clever
Trump seems to be a big fan of white collar criminals as he’s pardoned a bunch recently, including the money launderers and founders of crypto exchange BitMEX, and also the fraudster who founded EV truck company Nikola. He also commuted the sentence of the Ozy Media executive, whom I assumed committed a crime too but I cba to read what it was.
THIS IS A DEVELOPING STORY, and THAT means I don’t have to hit my word count on this one, so neeeh. Bite me.
For more crypto garbage, read this: If You Can Read This, You Might Have Brain Rot
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