Binance's Former CEO Seeks Permission to Leave US Ahead of Sentencing
TL;DR Summary
Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department's request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements. Zhao's lawyers argue that he is not a flight risk and should be allowed to return home to take care of his family and prepare for his sentencing. Zhao stepped down as CEO of Binance after pleading guilty to causing the cryptocurrency exchange to fail to maintain an effective anti-money laundering program.
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