The Binance Founder and the Changpeng Zhao says he applied for an amnesty from US President Donald Trump shortly after refusing reports that he was looking for one.
Zhao, also known as CZ, said on the podcast Radio Varch episode It was broadcast on May 6 that he “does not mind” pardon and that his lawyer has already submitted the papers on his behalf
“Lawyers have applied,” Zhao said, adding that he had submitted the request after informing Bloomberg and the Wall Street Journal in March that he was seeking pardon from Trump amid commercial discussions between the Trump family and Binance.us.
Zhao denied the reports at the time, but he said on the podcast that he thought, “If they were writing this article, I would formally advance.”
He added that Trump’s pardon for three founders in a point, including Arthur Hayes, motivated him to submit an application.
Zhao said the request was submitted about two weeks ago.
“He does not mind any criminal of amnesty,” Zhao said at the time of Bloomberg Wall Street Journal, stating that he is not a criminal of amnesty, “and claimed to be the only person in the history of the United States who is spending the time of prison on charges of the banking confidentiality law.
Zhao acknowledged that he was guilty of money laundering in November 2023 as part of a deal reached with the American authorities, which witnessed a fine of $ 4.3 billion, which Zhao contributed $ 50 million. He was also forced to step as a executive president.
Zhao was later sentenced to four months in prison and banned work in Binance as part of his call deal.
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According to To the US Department of Justice, the amnesty was not erasing the money laundering condemnation in Chao; However, he can be allowed to manage or operate role in Binance.us.
Zhao has no plans to return as Binance CEO
While Zhao is still a contributor to Binance, he is He said In November at the Blockchain Week that he “has no plans to return to the position of CEO.”
“I feel the team is working well and does not need me to return,” said Zhao.
Since he left prison, Zhao has started consulting roles in Pakistan and Kyrgyzstan, where it helped matters related to the regulation of encryption and the implementation of Blockchain solutions.
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