Changpeng Zhao (CZ), former CEO of Binance, faces repeated setbacks in his attempts to travel outside the United States before his scheduled sentencing in February. U.S. District Court Judge Richard Jones rejected Zhao’s multiple motions seeking permission to visit the United Arab Emirates (UAE), where his family resides.
Former CEO of Binance: Legal Battles and Flight Risks
The court’s decisions stemmed from concerns about Zhao being a potential flight risk due to his considerable wealth and the absence of an extradition treaty between the U.S. and the UAE. He pled guilty to violating the Bank Secrecy Act, as part of a $4.3 billion deal involving Binance and U.S…. Read more on bitcoinnews