Venture capitalist Joe Lonsdale, a key supporter of President Trump, suggested Thursday that the president was “terribly advised” on his decision to pardon Binance founder Changpeng Zhao.

“I love President Trump; this is possibly the greatest admin of my lifetime — except for these pardons,” Lonsdale wrote Thursday in a post on social platform X, just hours after Trump issued Zhao clemency.

“If I’m calling balls and strikes, these are hit-by-pitches!! POTUS has been terribly advised on this; it makes it look like massive fraud is happening around him in this area,” he added.

Zhao pleaded guilty in 2023 for failing to maintain an effective anti-money laundering program and ultimately served a four-month prison sentence. Binance paid $4.3 billion to settle various related charges with the

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