Pro-Trump Billionaire Slams Binance Founder ‘CZ’ Zhao’s Pardon: ‘Massive Fraud Is Happening…’
Prominent Trump supporter and Palantir (NASDAQ:PLTR) co-founder Joe Lonsdale has publicly criticized the president’s decision to pardon Changpeng “CZ” Zhao, the co-founder of Binance.
‘POTUS Advised Terribly On This,’ Says Lonsdale
Lonsdale took to X on Thursday to say: “POTUS has been terribly advised on this; it makes it look like massive fraud is happening around him in this area.”
He expressed his admiration for Trump, saying, “this is possibly the greatest admin of my lifetime – except for these pardons.”
Zhao, a billionaire who is one of the most influential figures in crypto, quit in 2023 as Binance’s top boss after the company pleaded guilty to failing to maintain an effective anti-money laundering program and paid a penalty of $4.3 billion. He personally paid a $50 million fine and served nearly four months in prison last year after pleading guilty to the same charge as his company.
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