[CZ Recalls Past Investment Dealings with SBF: FTX Once Proposed a Joint Venture] Odaily Planet Daily News – CZ, in a recent interview shared on the X platform, recalled past investment dealings with SBF. He mentioned that he first met SBF at a 2019 conference in Singapore, during which FTX proposed forming a joint venture. The initial proposal was rejected, but a subsequent proposal led to Binance's investment in purchasing a 20% stake in FTX. Some issues arose during this process, and there are still ongoing lawsuits related to it. The details of FTX's bankruptcy proceedings and compensation remain unclear. CZ also revealed that applying for a U.S. presidential pardon requires a petition drafted by lawyers, outlining reasons such as whether there was over-prosecution or whether the individual has good character. The final decision rests entirely with the U.S. president, as there is no fixed or standardized procedure. He emphasized that obtaining a pardon is crucial for Binance's compliance and entry into the U.S. market. Additionally, he noted that Trump's own legal issues might, to some extent, contribute to the success of a pardon application.