Binance Founder CZ Ordered to Remain in US Until Sentencing
TL;DR Summary
Former Binance CEO Changpeng "CZ" Zhao has been ordered by a federal judge to remain in the United States until his sentencing in February, as he is considered a flight risk if he returns to the United Arab Emirates. Zhao pleaded guilty to money laundering and faces up to 18 months in prison. The judge cited Zhao's significant wealth and lack of ties to the US as reasons for the decision. Zhao settled with US regulators for $4.3 billion in November and stepped down as CEO of Binance.
- Binance founder CZ must stay in US until sentencing, judge orders Cointelegraph
- Binance's former chief has to stay in US until February sentencing -filing Reuters
- Binance Founder Changpeng 'CZ' Zhao Stuck in U.S. Until Sentencing CoinDesk
- Binance Settlement Is a 'Major Positive' For the Crypto Market: Bitwise President CoinDesk
- US Judge Bans Changpeng ‘CZ’ Zhao from Leaving the Country Decrypt
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 2 min read
Condensed
78%
396 → 88 words
Want the full story? Read the original article
Read on Cointelegraph