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Changpeng Zhao Done With Being CEO, but Open to a Trump Pardon

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Eddie Mitchell
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Key Takeaways
  • Changpeng Zhao has no interest in returning as Binance’s CEO.
  • SBF has a 5% chance of receiving a pardon from Donald Trump, according to Polymarket.
  • CZ continues to work on his free education project and platform, Giggle Academy.

Binance’s co-founder and former CEO, Changpeng “CZ” Zhao, remains unwavering in his commitment to never returning to Binance.

In a recent X exchange, CZ commented that he would be receptive to a pardon from the incoming U.S. President, Donald Trump.

Would Trump Pardon CZ?

Today, CZ responded to a post from John Lilic, co-founder of the TelosX exchange. Lilic argued that CZ should receive a pardon from Trump so he could return to his position as Binance’s CEO.

But the former exchange boss isn’t interested.

CZ cheekily added that he “wouldn’t mind a pardon.” In good humor, CZ followed this up with a response to news that current U.S. President Joe Biden was pardoning his son Hunter Biden for gun and tax charges.

A pardon isn’t impossible, though it may be unlikely. During his first run as U.S. President, Trump pardoned Ben Kurson, a former Ripple (XRP) board member.

People were disappointed he didn’t pardon Silk Road founder Ross Ulbricht, Julian Assange of Wikileaks, or Edward Snowden.

Per a contract  on crypto prediction betting site Polymarket, CZ isn’t on the list of likely pardons within the first 100 days of Trump’s presidency.

At present, Ulbricht stands with a 67% chance, Assange at 16%, and Snowden at 18%.

Interestingly, former CEO of the now defunct crypto exchange FTX, Sam Bankman-Fried (SBF), has made the list, though bettors lack confidence as just 5% back his chances of receiving a pardon.

Notably, CZ and Binance’s legal team are reportedly taking the U.S. Securities and Exchange Commission (SEC) to court and seeking to dismiss the regulator’s allegations that he or the exchange violated securities laws.

This is on the basis that the SEC lacks certainty on how to classify crypto tokens.

Giggle Academy

Meanwhile, CZ is working on his philanthropic educational project, Giggle Academy.

Giggle Academy aims to bring free education to every child on Earth and has just announced a competition for storytellers with a total prize pool of 15 Binance Coin (BNB) worth just over $9,600.

Storytellers are invited to write and submit children’s stories between 5 and 20 pages long for the Giggle Academy platform.

Two weeks ago, Giggle Academy’s X account was hacked.  CZ shared the update via his personal account:

“Woke up to “Giggle Academy X account hacked. Working on restoring it. Always use common sense when reading content from anywhere.”

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Eddie Mitchell

Eddie has been writing news and content primarily for crypto news and industry players over the past seven years. With an eye for the bigger picture, Eddie prefers to investigate the broader implications of a story, as well as explore the weird and wonderful world of crypto. He believes blockchain has already changed the world, but observes the space overall with a skeptical and adoring eye.
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