BNB token saw a brief uptick after the rumors but quickly returned to normal levels.
Binance co-founder Yi He on Wednesday refuted rumors that former CEO Changpeng “CZ” Zhao received a presidential pardon from President Donald Trump.
The speculation, originally reported by Chinese media platform BlockBeats and later removed, was confirmed to be false by Yi He in a message to Odaily Planet Daily, a China-based blockchain media outlet.
“If there’s good news, I will inform everyone immediately,” Yi He stated in a translated message shared by Odaily through a screenshot.
The Department of Justice’s website shows no evidence of a presidential pardon being granted to Zhao.
In a recent interview with Rug Radio’s Farokh Sarmad, Zhao confirmed he had applied for a pardon from President Trump, with his legal team initiating the application in April.
Several crypto industry figures have previously received presidential pardons, including three BitMEX co-founders, Arthur Hayes, Benjamin Delo, and Samuel Reed, and Ross Ulbricht, who created the Silk Road marketplace.
BNB experienced a brief uptick following the circulation of the rumors. The digital asset trades at approximately $645, showing minimal movement over the past 24 hours, according to CoinMarketCap.
