Yesterday’s News 2025 10 25

curated news excerpts & citations

Changpeng Zhao, cofounder and CEO of Binance, speaks at the Media Village during Web Summit 2022 at the Altice Arena in Lisbon, Portugal [Ben McShane/Sportsfile for Web Summit via Getty Images]

Al Jazeera: Is Trump’s pardon of Binance boss Changpeng Zhao a conflict of interest?

Zhao is a convicted criminal who founded the world’s biggest cryptocurrency exchange, found guilty of allowing site to be used for money laundering in connection to child sex abuse.

Over the course of seven years, prosecutors said Binance had facilitated more than 1.5 million virtual currency trades – totalling roughly $900m – which violated US laws and sanctions, including ones involving al-Qaeda and Iran.

In addition, investigators said drug traffickers and networks linked to child sexual exploitation used Binance to move and convert illicit funds anonymously. The exchange’s weak customer verification system and tolerance for high-risk transactions made it a hub for illegal operations, they alleged.

(Al Jazeera more…)

Atlantic: Trump Grants Clemency to One of the World’s Richest Men

The recent pardon is an overture to an industry that has made the president millions.


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