Changpeng Zhao, the multibillionaire founder of crypto exchange Binance, spent four months last year locked in a federal prison. After US president Donald Trump pardoned Zhao in October, the government has recast him as a martyr.
Zhao, who goes by CZ, pleaded guilty in November 2023 to failing to maintain an effective anti-money-laundering program at Binance. In parallel, Binance admitted to violating US sanctions and settled with financial regulators, which data-offer-url=”https://home.treasury.gov/news/press-releases/jy1925″ class=”external-link” data-event-click=”{"element":"ExternalLink","outgoingURL":"https://home.treasury.gov/news/press-releases/jy1925"}” href=”https://home.treasury.gov/news/press-releases/jy1925″ rel=”nofollow noopener” target=”_blank”>accused the company of failing to report…
