"Binance's Ex-CEO Zhao Seeks Permission to Depart US Ahead of Sentencing"

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Source: Reuters
"Binance's Ex-CEO Zhao Seeks Permission to Depart US Ahead of Sentencing"
Photo: Reuters
TL;DR Summary

Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to allow him to return to the United Arab Emirates (UAE) before his sentencing for violating anti-money laundering requirements. Zhao's lawyers argue that he is not a flight risk and has already demonstrated his willingness to take responsibility for his actions by agreeing to a substantial bail package and voluntarily coming to the U.S. The Justice Department has requested the judge to reverse the decision to allow Zhao to return to the UAE, citing concerns about securing his return for sentencing.

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