POLITICS

Trump faces backlash over Zhao pardon claim

President Donald Trump drew criticism Sunday after telling 60 Minutes he doesn’t know Changpeng Zhao, the Binance founder he pardoned less than two weeks ago. Correspondent Norah O’Donnell noted Zhao’s 2023 conviction for violating anti-money laundering laws and government claims he enabled millions to move for groups such as Hamas. Trump called the case a Biden witch hunt. Officials had accused Binance of failing to report suspicious activity; Zhao paid a $50 million fine, served four months, and the company paid $4 billion. Critics also noted Binance helped support the Trump family’s highly profitable crypto foray, including days after the pardon.

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