Crypto mogul Changpeng “CZ” Zhao is weighing legal action against U.S. Senator Elizabeth Warren after she accused him of corruption tied to his recent presidential pardon. Her social media remarks, posted after former President Donald Trump pardoned Zhao, have ignited a political and legal storm involving one of the most prominent figures in global cryptocurrency.
Zhao, the founder and former CEO of Binance, was convicted in 2023 of violating the Bank Secrecy Act for failing to maintain sufficient anti–money laundering controls. He served four months in prison, paid a $50 million fine, and resigned under a plea deal with the U.S. Department of Justice.
Contrary to Warren’s claim, Zhao was never charged or convicted of money laundering—a distinction his legal team says is essential to protecting his reputation.
Shortly after Trump issued the pardon last week, Warren accused CZ on X of pleading guilty to money laundering, alleging he helped fund...
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