SMH · 2026-10-04 18:25 UTC

Inside a billionaire's paradise with crypto's most powerful ex-convict

Changpeng Zhao, Binance co-founder worth $114 billion, lives in Abu Dhabi after serving a four-month prison sentence for federal charges related to money laundering and sanctions violations at Binance. Zhao was pardoned by Trump last October after Binance forged a business relationship with World Liberty Financial, Trump's crypto venture that generated $799 million for Trump last year. Zhao practices 'jurisdictional arbitrage,' moving between countries for favorable legal frameworks, and has become influential with UAE ruling families and the Trump administration.

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