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

“I love President Trump; this is probably the greatest administration of my life — other than these pardons,” Lonsdale wrote Thursday in a post on the social media platform X, just hours after Trump pardoned Zhao.

“If I’m talking about balls and strikes, these are hits on plays!! POTUS has been horribly advised on this; it looks like there’s a lot of fraud going on around him in this area,” he added.

Zhao pleaded guilty in 2023 to failing to maintain an effective anti-money laundering program and ended up serving four months in prison. Binance paid $4.3 billion to settle various related charges with the Department of Justice.

The White House, in announcing Zhao’s pardon, suggested that he was “pursued by the Biden administration in their war on cryptocurrencies.”

The move drew immediate backlash from those who pointed to Binance’s recent dealings with World Liberty Financial, a crypto venture launched last year by Trump and his sons. In May, Emirati investment firm MGKS invested $2 billion in Binance using the crypto company’s new stablecoin.

Sens. Elizabeth Warren (D-Mass.) and Adam Schiff (D-Calif.) introduced a resolution Friday condemning Zhao’s pardon, calling on Congress “to use its authority to stop this form of corruption.”

“President Trump’s pardon of Binance founder Changpeng Zhao is just the latest example of the president’s use of the pardon power as a means to reward and enrich wealthy donors and allies,” Schiff said in a statement. “This latest abuse of power erodes public trust and makes a mockery of equal justice under the law.”

Several of Trump’s other pardons have drawn scrutiny, including his recent decision to commute the sentence of former Rep. George Santos (RN.I.) last week. Santos served a seven-year prison sentence for wire fraud and aggravated identity theft.