Changpeng Zhao, the multibillionaire founder of crypto exchange Binance, spent four months last year locked in a federal prison. After US president Donald Trump pardoned Zhao in October, the government has recast him as a martyr.
Zhao, who goes by CZ, pleaded guilty in November 2023 to failing to maintain an effective anti-money-laundering program at Binance. In parallel, Binance admitted to violating US sanctions and settled with financial regulators, which accused the company of failing to report suspicious transactions involving terror groups, child exploitation networks, and cybercriminals, among other violations. In a particularly incriminating exchange detailed in court documents, one Binance employee said to a colleague, “We see the bad, but we close 2 eyes.”
As part of their respective settlement deals, Zhao agreed to forfeit his role as Binance CEO, and Binance agreed to leave the US, accept supervision by a US-appointed compliance monitor, and pay a record $4.3 billion penalty.
Less than two years later, the narrative has flipped. On October 23, Trump struck the charges from Zhao’s criminal record. The Binance founder was a victim of the “Biden administration’s war on crypto,” a White House spokesperson declared.
The decision to pardon Zhao will reverberate throughout the US crypto exchange market, which Binance could seek to reenter, legal experts claim. It may also come with long-term political consequences for the crypto industry after Trump’s presidency ends.
Whether Zhao’s pardon was justified has been hotly disputed, particularly in light of connections between Binance and World Liberty Financial, a crypto business founded by Trump and his sons. (Through a corporate entity, the Trump family owns a 38 percent stake in World Liberty Financial’s parent company.) In May, Binance agreed to receive a $2 billion investment denominated in USD1, a coin issued by World Liberty Financial, which could earn tens of millions of dollars from the arrangement. In July, Bloomberg reported that Binance had developed the codebase for USD1.
Remarkably, Trump claims to know very little about Zhao. “OK, are you ready? I don’t know who he is,” Trump told 60 Minutes in an interview that aired on November 2. “I can only tell you this. My sons are into [crypto],” he said later in the interview.
Zhao’s legal representatives and industry allies have defended the pardon as a rightful corrective. “CZ is the first and only known first-time offender in US history to receive a prison sentence for this single, non-fraud-related charge,” wrote Teresa Goody Guillén, partner at law firm Baker & Hostetler, which represents Zhao, in a post on X.
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![Hey Dave Filoni, Leslye Headland Is Still Down for ‘The Acolyte’ Season 2
No matter what you thought about The Acolyte season one, there is no denying that season two was going to be incredible. Creator Leslye Headland and her team ended that first season with the promise of exploring multiple Dark Side relationships, the reveal of potentially the ultimate Sith in Darth Plagueis, a deep dive into the corruption of the Jedi, and even Yoda’s complicity in it. But, of course, that didn’t happen. Instead, Disney decided not to move forward with more episodes of The Acolyte. A true disappointment to fans of the show, but not all that surprising. The show, of course, had invited all manner of vitriol, and it seems like viewership didn’t quite justify the cost of more episodes. However, in the years since, the show has endured. In fact, just recently, there were reports that it once again cracked the top 10 on Disney+. And, in a new interview, Headland said that she’d still be interested in returning to a galaxy far, far, away. “I would still want to do it! Absolutely,” she told Empire, via Fantha Tracks. “As more people discover it, I think people may want to see some form of the story come back. We did have a lot of stuff that we wanted to explore, including tying in lore to the sequels. Getting into who exactly Manny [Jacinto]’s character is, his connection with [Jedi Master] Vernestra, his connection with [Sith Lord] Plagueis, and then his connection with other sequel-established things.”
Headland went on to say that she’s also felt the show returning a bit in recent days. “I’m having a resurgence of The Acolyte in my real life,” she said. “I speak with people who are really big fans, and were disappointed in the cancellation. was like, I went to a play last night, and somebody ‘I just have to tell you that I loved it.’”
We loved it too and think a second season would be absolutely incredible. Who wouldn’t want to see The Stranger with his new apprentice, and how that works with his master, Plagueis? Or what lengths the Jedi will go to in order to cover it all up? Hey, Lucasfilm president Dave Filoni, take note! Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Hey #Dave #Filoni #Leslye #Headland #Acolyte #SeasonDave Filoni,Leslye Headland,Star Wars,The Acolyte Hey Dave Filoni, Leslye Headland Is Still Down for ‘The Acolyte’ Season 2
No matter what you thought about The Acolyte season one, there is no denying that season two was going to be incredible. Creator Leslye Headland and her team ended that first season with the promise of exploring multiple Dark Side relationships, the reveal of potentially the ultimate Sith in Darth Plagueis, a deep dive into the corruption of the Jedi, and even Yoda’s complicity in it. But, of course, that didn’t happen. Instead, Disney decided not to move forward with more episodes of The Acolyte. A true disappointment to fans of the show, but not all that surprising. The show, of course, had invited all manner of vitriol, and it seems like viewership didn’t quite justify the cost of more episodes. However, in the years since, the show has endured. In fact, just recently, there were reports that it once again cracked the top 10 on Disney+. And, in a new interview, Headland said that she’d still be interested in returning to a galaxy far, far, away. “I would still want to do it! Absolutely,” she told Empire, via Fantha Tracks. “As more people discover it, I think people may want to see some form of the story come back. We did have a lot of stuff that we wanted to explore, including tying in lore to the sequels. Getting into who exactly Manny [Jacinto]’s character is, his connection with [Jedi Master] Vernestra, his connection with [Sith Lord] Plagueis, and then his connection with other sequel-established things.”
Headland went on to say that she’s also felt the show returning a bit in recent days. “I’m having a resurgence of The Acolyte in my real life,” she said. “I speak with people who are really big fans, and were disappointed in the cancellation. was like, I went to a play last night, and somebody ‘I just have to tell you that I loved it.’”
We loved it too and think a second season would be absolutely incredible. Who wouldn’t want to see The Stranger with his new apprentice, and how that works with his master, Plagueis? Or what lengths the Jedi will go to in order to cover it all up? Hey, Lucasfilm president Dave Filoni, take note! Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Hey #Dave #Filoni #Leslye #Headland #Acolyte #SeasonDave Filoni,Leslye Headland,Star Wars,The Acolyte](https://gizmodo.com/app/uploads/2026/06/Acolyte-star-wars-lightsabers-1280x853.jpg)
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