Ladies and gentlemen, hold onto your wallets! Binance founder Changpeng “CZ” Zhao is dusting off his legal gloves and threatening to sue US Senator Elizabeth Warren for defamation. Why? Because she dared to criticize his recent presidential pardon. 😱
According to the rumor mill, CZ’s lawyers have fired off a letter demanding Warren retract a social media post where she accused him of money laundering and “buying” a pardon. Talk about a spicy tweet! 🌶️
Legal Threat Looms
Zhao’s attorney, Teresa Goody Guillén of Baker & Hostetler, told the press that they want a public retraction or else it’s lawsuit time. 🎭 If Warren doesn’t fix her post, CZ might just take her to court. Drama, drama, drama!
The legal notice argues that Warren’s wording makes it seem like Zhao was convicted of money laundering, which is a big no-no for his reputation. 🚫
In 2023, Zhao pleaded guilty as part of a settlement tied to Binance’s anti-money-laundering program failures. The company coughed up $4.3 billion, and CZ spent four months behind bars. 🏦💸
CZ pleaded guilty to a criminal money laundering charge and was sentenced to prison.
But then he financed President Trump’s stablecoin and lobbied for a pardon.
Today, he got it.
If Congress does not stop this kind of corruption, it owns it.
– Elizabeth Warren (@SenWarren) October 23, 2025
Trump issued a pardon for Zhao on October 23, 2025. 🕴️✨
Pardon Sparks Political Fire
Senator Warren fired off a tweet after the pardon, claiming CZ “pleaded guilty to a criminal money laundering charge” and hinted he used influence tied to a Trump-linked stablecoin. 🐦🔥
Her tweet framed the pardon as corruption Congress should oppose. Warren’s official Senate statement doubled down on the criticism. 🗣️
SCOOP: Crypto mogul Changpeng Zhao mulls suing Elizabeth Warren, demands retraction for alleged libel after Trump’s pardon cc @SenWarren @cz_binance @teresagoody
– Charles Gasparino (@CGasparino) October 28, 2025
Legal eagles say defamation suits involving public figures are tough to win in the US because plaintiffs must prove false statements made with actual malice (i.e., knowing they were false or reckless disregard for the truth). 🦅📚
But Zhao’s lawyers argue posts by members of Congress on social media may not always be protected by congressional immunities. So, there’s a tiny legal loophole. 🕵️♂️
A Case Of Words Versus Records
The CZ camp insists there’s a factual difference: his plea related to compliance lapses, not a formal money-laundering conviction. 🤔
That distinction is legally and publicly significant, his lawyers argue. Coverage also highlights the buzz around the settlement due to the massive fine and sensitive allegations tied to illicit activity on parts of the exchange. 🎢
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2025-10-31 11:16