US EditionEx-Binance CEO Pardoned After His Firm Helped Trump Family Make Billions: WSJ
The pardon followed a deal between Binance and Trump family-backed World Liberty Financial, boosting its market cap despite a 40% token plunge, senators said.
- Last week, President Donald Trump pardoned Changpeng Zhao, Binance CEO, a move linked to a $2 billion boost in the Trump family’s World Liberty Financial venture.
- Binance formed a high-level task force to negotiate with World Liberty Financial and assigned over a dozen engineers to develop USD1 before MGX invested $2 billion using the stablecoin.
- Zhao pleaded guilty, agreed to step down, and served four months after Justice Department said, `For years, Binance allowed users to open accounts and trade without submitting any identifying information beyond an email address.`
- Senators Elizabeth Warren and Adam Schiff recently introduced a resolution condemning President Donald Trump’s pardon of Changpeng Zhao, while Senator Chris Murphy accused officials of repaying favors with Trump family-backed crypto.
- On October 24, WLFI outperformed major cryptocurrencies, rallying over 12% with a 128% increase in trading volume, while the Trump family owns about 22.5 billion WLFI tokens.
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Ex-Binance CEO pardoned after his firm helped Trump family make billions: WSJ
Cryptocurrency firm Binance reportedly helped the Trump family’s crypto exchange company make billions prior to President Donald Trump’s pardon of its co-founder, Changpeng Zhao, who is also known as “CZ,” last week. Now, the revitalized company Binance is set to make its own fortune, as first reported by The Wall Street Journal on Wednesday. Trump pardoned Zhao on Oct. 23. The administration claims Zhao was targeted “by the Biden administratio…
Trump's Pardon Of Changpeng Zhao Reportedly Followed Binance's High Level Task Force, $2 Billion Stablecoin Deal
The controversial pardon of Binance CEO Changpeng Zhao by President Donald Trump has reportedly been linked to a substantial boost in the market capital
Why Trump really just pardoned a terrorist enabler
When Donald Trump delivered a full pardon to cryptocurrency billionaire Changpeng Zhao last week, the president didn't mention the enormous financial favor that Zhao bestowed on the Trump family last July -- an investment of $2 billion in World Liberty Financial, the first family's big crypto venture.Instead, when a reporter asked about the pardon of "CZ," as the crypto mogul is known, Trump portrayed him as a wholly innocent victim of the Biden…
UPDATE: Trump’s crypto pardon delivers immediate payback
On Monday, Popular Information reported on President Trump’s October 23 pardon of Binance founder Changpeng Zhao, known as CZ, who pled guilty to violating anti-money laundering laws. According to the Department of Justice, CZ’s conduct “allowed money to flow to terrorists, cybercriminals, and child abusers” through Binance. CZ served four months in prison and agreed to step down as CEO.On Tuesday, Binance’s U.S. exchange announced it would begi…
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