Rumors of "Pardon" Arise, Officials Quickly Refute
On June 25, some media reported that former Chinese billionaire Zhao Changpeng's pardon had been approved by Trump. This news immediately sparked heated discussions in the crypto community. However, according to Foresight News, Zhao Changpeng's team quickly responded, clearly stating: "This is false information, and we will update everyone as soon as there is any news." Subsequently, Planet Daily also sought confirmation from He Yi, confirming that the rumor of CZ being pardoned by Trump is indeed false. Related sources have also deleted their published content, further verifying the rumor's falsity.
CZ Completes Sentence, Pardon Does Not Erase Conviction
Looking back at Zhao Changpeng's legal case, in May 2024, he was sentenced to 4 months in prison by a U.S. federal court for money laundering violations and violations of U.S. sanctions, and he was released in September. This means CZ has completed his sentence and paid a hefty fine. Even if there is a theoretical possibility of a presidential pardon, a pardon does not completely erase a conviction. It typically serves to exempt or reduce penalties, but the criminal record itself may still exist. Therefore, the rumor of "pardon" is not only denied on factual grounds but also contains certain misunderstandings in legal logic.
CZ Shifts Focus to Education, Financial Returns Not a Primary Consideration
Amid the rampant "pardon" rumors, Zhao Changpeng himself has shifted his focus to his new venture—Giggle Academy. On June 24, CZ publicly stated that helping 100 million people receive education through Giggle Academy would have a significant impact, emphasizing that financial returns are not the primary consideration. This indicates that, after completing his legal proceedings, CZ is actively engaging in public welfare and education, committed to giving back to society through the power of knowledge, rather than dwelling on past controversies or seeking political "pardon."
Risk Management: CZ's Advice to Crypto Investors
In addition to his investment in education, Zhao Changpeng continues to provide risk management advice to cryptocurrency investors. On May 20, CZ shared his views on social media, pointing out that "investing in cryptocurrency carries risks. Not investing in cryptocurrency also carries risks." He emphasized the importance of learning to manage risks and suggested that investors ask themselves a series of key questions before entering the market, such as: "What is the worst-case scenario? If it drops to zero, can you still survive? Can you maintain your lifestyle? How many failures can you endure? Do you know/understand what you are doing? If not, go read and learn." This reflects CZ's profound understanding of market risks as an industry veteran and his responsible attitude towards investors.
Conclusion:
The swift clarification of the "Zhao Changpeng pardon" rumor once again reminds us of the importance of information verification. In an era of information explosion, rumors often spread quickly, but the truth will eventually surface. The timely response from Zhao Changpeng's team, along with CZ's commitment to education and his risk warnings to investors, demonstrate his proactive stance towards the future after the legal events. In the future, we may see a Zhao Changpeng who is more focused on education and public welfare, continuing to exert his unique influence in the blockchain and cryptocurrency fields.
Related: Binance founder CZ suggests establishing a "will function" to allocate cryptocurrency after users' deaths
Original: “Zhao Changpeng's Team Refutes 'Pardon' Rumors: False Information, CZ Has Focused on Education”
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