Rumors about a potential pardon for Binance founder Changpeng Zhao (CZ) from former U.S. President Donald Trump have turned out to be false. CZ and Binance co-founder Yi He have denied these reports.
Rumors of Pardon Refuted
Rumors that Donald Trump had pardoned Changpeng Zhao were circulated by a Chinese media outlet, but CZ refuted these claims in a post on social media platform X. He indicated that fake news is likely seeded by competitors from China and urged media to verify information with official sources.
Pardon Application
Changpeng Zhao confirmed that his legal team formally applied for a pardon from Trump in April. However, he disputed claims that his case was under active discussion with Trump or his inner circle.
Market Implications
Following the rumors, the price of Binance's native token (BNB) initially surged but later stabilized. As of now, BNB is trading at an average price of $644.2. Meanwhile, the price of OFFICIAL TRUMP token has dropped by 2% in the last 24 hours.
The rumors of a pardon for Changpeng Zhao have been refuted, with both CZ and Yi He emphasizing the importance of fact-checking in the media landscape.
