With a single stroke of Trump's pen, the cryptocurrency king was exonerated, but the political deal behind it is far more intriguing than the pardon itself.
JinseFinanceAt midnight on October 23, 2025, Zhao Changpeng, the richest Chinese crypto tycoon, was announced to have received a presidential pardon from President Trump of the United States.
JinseFinanceBinance, Changpeng Zhao, Changpeng Zhao: Rise, fall and rebirth Golden Finance, the Binance case exposes the tension between innovation and regulation.
JinseFinanceZhao Changpeng (CZ) is set to be released on September 29 after a four-month sentence, marking a pivotal moment for him and Binance amid ongoing challenges.
EdmundBinance founder Changpeng Zhao, also known as CZ, remains in detention, though he has been transferred out of prison.
JinseFinanceCZ is not at the Seattle airport but is being held at Federal Correctional Institution II in Lompoc, a low-security federal prison three hours north of Los Angeles.
JinseFinanceChangpeng Zhao is about to find out if he will become the richest prisoner ever in the U.S. His situation is different from FTX’s, as he has friends on the company’s board, his ownership of the exchange is intact, and the mother of his child is helping run the thing.
JinseFinanceU.S. authorities have brought down the “King” of the crypto world, but the “Queen” remains.
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Coinlive SBF believes that CZ must be happy with how it turned out for FTX.
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