• Changpeng Zhao mentioned the Wall Avenue Journal “bought the information incorrect”
• He believes it’s a “motivated assault” on the surviving energy of the “crypto battle” from President Donald Trump and his final administration within the office.
• In 2023, Zhao resigned as CEO of Binance as a part of a plea cut price

The previous CEO of Binance denied the Wall Avenue Journal report, calling for a pardon between US President Donald Trump and the president, “There is no such thing as a debate.”

In a submit on X, Changpeng Zhao mentioned: The WSJ article was incorrect. “He added that he has not mentioned our contract with the Trump household.

He continued: This text feels motivated as an assault on the president and the cryptocurrency, and the remainder of the “cryptocurrency battle” from the final administration remains to be at work. ”

4. Sorry for the frustration. The WSJ article was incorrect.

Over 20 individuals have come to the WSJ (and one other media) to say, “Are you able to verify that CZ has made a deal for pardon?”

They requested maybe lots of of individuals to twenty individuals to achieve out to me. in…https://t.co/elydpmkd3g

– CZ🔶BNB (@CZ_BINANCE) March 13, 2025

A WSJ article states that talks between the Trump administration and Vinance started final yr after a crypto trade contacted Trump’s allies to signal a enterprise deal to carry the exiled firm again to America.

$4.3 billion deal

November 2023, Zhao has resigned as CEO of Binance It dropped felony fees towards the crypto trade as a part of a $4.3 billion contract with the Division of Justice (DOJ).

Zhao additionally pleaded responsible to violating the financial institution’s secret regulation after violating anti-money laundering procedures at Binance. Zhao was later denied a visit to the UAE over considerations that it was a flight danger regardless of providing $4.5 billion in Binance fairness in safety.

In April 2024, Zhao was sentenced to 4 months in jail and was launched in September of that yr.

The President’s pardon

Since returning to the White Home, Trump has forgiven Ross Ulbricht, creator of the Silk Highway.

Trump gave Ulbricht a full pardon in January after spending 12 years in jail. Ulbricht was arrested in 2013 and convicted in 2015, and sentenced to 40 years in jail, plus two life sentences.

Others in search of presidential pardon embrace Sam Bankman Fried’s dad and mom, who’ve referred to as on Trump to keep away from his son’s involvement within the collapse of the Crypto Change FTX and a jail sentence of as much as 109 years.