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Representatives for the family of U.S. President Donald Trump are holding discussions with Binance about investing in its U.S. arm, according to a Wall Street Journal report on Thursday.
The WSJ said that the exchange giant’s founder Changpeng “CZ” Zhao, who is the firm’s largest shareholder, was also seeking a pardon, citing people familiar with the matter. Zhao, who was then the company’s CEO, pleaded guilty on money laundering charges in November 2023 and served four months in prison.
Zhao denied the WSJ report in an X post.
“The WSJ article got the facts wrong,” he wrote Thursday. “Fact: I have had no discussions of a Binance US deal with…well, anyone.”
4. Sorry to disappoint. The WSJ article got the facts wrong.
More than 20 people have told me they were asked by the WSJ (and another media), “Can you confirm that CZ made some deal for a pardon?”
They probably asked hundreds of people to have 20 people reach out to me. In… https://t.co/ELyDPmKD3G
— CZ 🔶 BNB ($574.98) (@cz_binance) <…>
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