CZ responds to Warren’s false fraud claims, denies money laundering charges, and sees BNB surge after Trump grants him a full pardon.
Changpeng Zhao, founder of Binance, recently responded to allegations made by Senator Elizabeth Warren regarding fraud and money laundering.
Zhao’s remarks followed Warren’s criticism after former U.S. President Donald Trump issued a pardon for Zhao. The senator had previously accused Zhao of criminal activity and linked his pardon to “corruption.”
Zhao has denied the accusations, stating that there were no money laundering charges against him and urging Warren to check her facts.
Senator Elizabeth Warren took to social media, claiming that Changpeng Zhao had pleaded guilty to money laundering charges and was sentenced to prison. She accused Zhao of using his financial ties to Trump to secure a pardon.
In her post, Warren suggested that the pardon was an example of corruption and urged Congress to intervene. She emphasized that CZ’s actions threatened the integrity of the system.
Warren’s comments came in the wake of Trump’s decision to grant CZ a full pardon. The Binance founder had been facing legal issues related to alleged banking violations, but Zhao had never been charged with money laundering.
Warren’s comments, which included false details about Zhao’s legal case, were met with immediate backlash from Zhao and his supporters.
In response, Zhao took to social media to...
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