Jacob King
Jacob King|Feb 05, 2026 17:00
People think CZ Binance is innocent because he was released from prison, but that couldn’t be further from the truth. CZ is a prolific, career crypto criminal. Calculated, smart, and deeply cunning. Let's not forget that he was found guilty of orchestrating large scale financial fraud, market manipulation, and laundering billions of dollars. When asked about him during a 60 Minutes interview, Donald Trump said he had "absolutely no idea" who Changpeng “CZ” Zhao was. It's so clear what happened here - The White House had several key crypto figures with direct ties to the President, many of whom were likely bribed with millions via crypto and whispered in Trump’s ear to secure the pardon. Over hundreds of people were federally charged and locked up over the last few years for crypto crimes. It is not a coincidence that the richest crypto billionaire conveniently walked free. CZ used connections and bribery to avoid real jail time, and now he is back, rigging the game more aggressively than ever. On the contrary, FTX fraudster Sam Bankman-Fried made the fatal mistake of being one of Biden's top donors, thinking he could escape prison by cozying up to Democrats. After their election loss, all his chances vanished. He tried pivoting to a pro-Trump stance, but it never gained traction. Just one week after his release, on the infamous October 10th, the largest liquidation event in crypto history occurred. Binance assets depegged and plunged. The exchange’s systems executed mass liquidations, netting the execs over $3.5 billion, likely to make up for the cost of the pardon. Traders also reported extended periods where the platform was unresponsive or completely inaccessible. Binance paid out less than 1% of reported losses and moved on. Make no mistake, this was intentional. This is the work of CZ, one of the most dangerous and unethical masterminds the crypto industry has ever produced.(Jacob King)
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