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Crypto’s richest man, Binance founder, shares his secret talks, prison time and humbling comedown

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Mr Changpeng Zhao, the billionaire founder of the giant cryptocurrency exchange Binance, was pardoned by US President Donald Trump in 2025.

Mr Zhao Changpeng, the billionaire founder of the giant cryptocurrency exchange Binance, was pardoned by US President Donald Trump in 2025.

PHOTO: GRANT HINDSLEY/NYTIMES

David Yaffe-Bellany and Mattathias Schwartz

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- Mr Zhao Changpeng was in a bind.

Federal prosecutors had threatened to bring charges over a flood of criminal activity taking place on Binance, the giant cryptocurrency exchange that Mr Zhao founded.

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