Trump Pardons Binance Founder

WASHINGTON (AP) — President Donald Trump has pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange. Zhao served prison time after failing to stop criminals from using the platform to move money connected to child sex abuse, drug trafficking and terrorism. The pardon announced Thursday caps a monthslong effort by Zhao, a billionaire commonly known as CZ in the crypto world. He and Binance have been key supporters of some of the Trump family’s crypto enterprises. Zhao said in a social media post that he was “deeply grateful” to Trump. The president said he didn’t believe he’d ever met Zhao, but that “a lot of people say that he wasn’t guilty of anything.”