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

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.
- Ex-Binance CEO Zhao urges judge to allow him to leave US before sentencing Reuters
- Analysis-Binance CEO Teng braced for uphill battle in post-Zhao era AOL
- Binance clients withdraw $1 billion after money laundering charges | BBC News BBC News
- This Week in Crypto: CZ Pleads Guilty, DOGE Goes to the Moon, and SHIB's Pivot to AI BeInCrypto
- CZ takes risk with his biggest deal Financial Times
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
79%
435 → 93 words
Want the full story? Read the original article
Read on Reuters