‘There were NO money-laundering’ charges, CZ claps back at Senator Warren
Binance founder Changpeng Zhao said Elizabeth Warren “can’t get her facts right” after she claimed he pled guilty to a money-laundering charge.
Binance co-founder Changpeng “CZ” Zhao fired back at US Senator Elizabeth Warren after she claimed he “pleaded guilty to a criminal money-laundering charge.”
In a Friday X post, Zhao wrote that Warren “can’t get her facts right.” He added, “There were NO money laundering [charges].“
What Zhao pleaded guilty to was a single felony count of violating the US Bank Secrecy Act by failing to maintain an effective Anti-Money Laundering (AML) program at Binance. This led to him receiving a four-month sentence in April 2024.
CZ’s pardon was signed on Wednesday, and Binance confirmed the presidential order to Cointelegraph in a statement.