Binance Founder Denies Trump Family Investment and Pardon Discussions
- Changpeng “CZ” Zhao, Binance’s founder, denied reports of investment talks with Trump’s family.
- Zhao pleaded guilty to money laundering charges in November 2023 and served four months in prison.
- As part of a legal agreement, Zhao is banned for life from managing or operating Binance.
- Binance paid a $4.3 billion fine for violating U.S. anti-money laundering laws.
- The White House had no comment on the matter, referring inquiries to Zhao’s statement.
Zhao refuted claims of discussions with the Trump family regarding Binance US investments and seeking a pardon, emphasizing his lifetime management ban and the hefty fine imposed on Binance for legal violations.
Source (2.6)https://decrypt.co/309883/binance-cz-denies-trump-investment-pardon-talks?rand=52368
