Crypto Crime, Presidential Pardons, and Systemic Failures: How Major Exchanges Continued to Profit Amid Illicit Activity
Despite legal actions and oversight, major crypto exchanges processed illicit funds. Systemic weaknesses, regulatory gaps, and persistent crime reveal deep vulnerabilities. In October 2025, President Donald J. Trump issued a pardon for Changpeng “CZ” Zhao, founder of Binance. Zhao had pleaded guilty in November 2023 for not putting in basic anti money laundering protections. The...
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