In October 2025, President Donald Trump pardoned Changpeng Zhao, the former CEO of Binance, after he pleaded guilty to violating US anti-money laundering laws. Zhao's legal troubles followed his involvement with Binance, which later established connections with World Liberty Financial, a crypto platform linked to the Trump family’s wealth.
A crypto trader who previously profited $190 million by shorting the market before a tariff announcement has reportedly made an additional $56,522 betting on a pardon for Binance founder Changpeng Zhao by Donald Trump. While some speculate about potential insider knowledge due to the trader's timely moves, others argue that the pardon was widely anticipated, making the bet seem less suspicious.