November 21, 2023
Zhao Changpeng pleaded guilty under the indictment of the U.S. Department of Justice, admitting that Binance failed to effectively implement anti-money laundering and customer due diligence systems, violating the Bank Secrecy Act, and resigned as CEO. Binance agreed to pay a $4.3 billion criminal settlement, the largest fine in the history of the U.S. cryptocurrency industry, and one of the largest corporate fines in U.S. judicial history.
April 30, 2024
A federal court in Seattle sentenced Zhao Changpeng to 4 months in prison, where he stated he would "voluntarily pay the political fine." He entered prison that day, experiencing humiliating searches and harsh prison life.
Early September 2024
After completing his sentence, he began traveling between the UAE and Hong Kong to rebuild political and business relationships.
March 2025
Binance received a $2 billion investment from the Abu Dhabi sovereign fund MGX, with the transaction settled in the Trump family-associated stablecoin USD1. CZ took a photo with USD1 co-founder Zach Witkoff (son of a Trump envoy), and two weeks later, USD1 was listed on the BNB Chain.
April 2025
Zhao Changpeng officially submitted a presidential pardon application to the Trump administration.
April - August 2025
He made multiple appearances in Hong Kong, returning to the Chinese-speaking cryptocurrency stage.
September 17, 2025
CZ changed his X account bio from "ex-@binance" back to "@binance," seen as a signal of return.
October 22, 2025
Coinbase and Robinhood successively opened BNB trading, marking BNB's entry into the mainstream compliant financial system in the U.S.
October 23, 2025 (Eastern Time)
President Trump signed a pardon order, overturning Zhao Changpeng's criminal conviction. The White House stated, "The Biden administration's war on cryptocurrency is over." Zhao Changpeng immediately expressed his gratitude: "Thank you, President Trump, for the pardon. I will do everything I can to help the U.S. become the cryptocurrency capital."
President Trump’s latest response on why he pardoned Zhao Changpeng: I don’t know him, but many people say he was persecuted rather than committing a crime!
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