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Zhao pled guilty to violating anti-money laundering regulations. Zhao's company, Binance, was supporting Trump's crypto company World Liberty Financial. The Trump family also sought a stake in the US arm of Binance.

References

• The Recipe Behind the Trump Family’s Crypto Riches: PancakeSwap (wsj.com)
• 'No idea who he is,' says Trump after pardoning crypto tycoon (bbc.com)