"Binance Founder Changpeng Zhao's Legal Troubles Mount as Judge Orders Deposition and U.S. Stay"
The Moskowitz Law Firm, known for representing crypto investors in class-action lawsuits, has filed a motion to depose former Binance CEO Changpeng Zhao for a civil case. The law firm believes Zhao's testimony is crucial to the claims and defenses of all parties involved in the $1 billion lawsuit against Zhao, Binance, and crypto influencers. The filing comes after a Washington judge ordered Zhao to remain in the U.S. until his sentencing in February 2024. The case alleges that Binance promoted unregistered securities, and Zhao's guilty plea to federal charges could support some of the plaintiffs' claims. It remains to be seen if the judge will grant the motion, considering Zhao is no longer CEO of Binance.