President Donald Trump’s pardoning of the founder of crypto exchange Binance was met with immediate backlash from one of the president’s most ardent billionaire supporters.
Joe Lonsdale, a venture capitalist and cofounder of the data-mining firm Palantir, questioned who was advising Trump after he pardoned Changpeng Zhao on Thursday.
Zhao, better known online as CZ, served four months in jail after admitting to money-laundering violations that allowed drug dealers, terrorists, and child sex abusers to move money on his platform.
The pardon came just months after Binance struck a deal with World Liberty Financial, the Trump family’s crypto venture, which could generate millions of dollars for the president’s family.
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