Tiny Red HandsBack

Zhao pleads guilty and receives a four-month sentence before the Trump pardon

Date
2024-04-30
Entry type
criminal-conviction
Current status
Historical conviction; later pardoned by Trump

Zhao received a four-month sentence and $50 million personal fine; Binance separately entered a $4.3 billion corporate resolution.

Entities and roles

Relationships in this file

  1. Donald J. Trumplater Trump pardon recipientChangpeng Zhao

Money trail

  1. penaltyBinance corporate resolution$4.3 billion
    Committed by / source
    Binance Holdings Limited
    Committed to
    United States agencies
    committed · 2023-11-21 · observedPopulation Separate Binance corporate resolution identified in DOJ's case recordPeriod 2023-11-21 to 2023-11-21Basis Corporate resolution amount in DOJ's November 21, 2023 Binance case record, separate from Zhao's personal fine.Limits The aggregate covers Binance's corporate resolution; agency-level allocations and payment timing are not encoded here.Open cited evidence
  2. penaltyChangpeng Zhao personal criminal fine$50 million
    Ordered from
    Changpeng Zhao
    Ordered to
    United States
    ordered · 2024-04-30 · observedPopulation Personal fine imposed with Zhao's federal Bank Secrecy Act sentencePeriod 2024-04-30 to 2024-04-30Basis Personal fine in Zhao's April 30, 2024 federal sentence, separate from the Binance corporate resolution.Limits The sentence establishes Zhao's personal obligation; payment timing is not identified.Open cited evidence

Claims and evidence

  1. factconvicted

    DOJ records show Changpeng Zhao pleaded guilty to causing Binance to fail to maintain an effective anti-money-laundering program and was sentenced April 30, 2024 to four months and a $50 million fine; Binance's separate $4.3 billion corporate resolution is not attributed to Zhao personally. DOJ later records Trump's 2025 pardon.