Former Binance CEO Changpeng “CZ” Zhao has been ordered to remain in the U.S. while awaiting his sentencing in February.
Binance founder Changpeng “CZ” Zhao must stay in the United States until he is sentenced in February as he’s unlikely to return to the country if allowed to travel to the United Arab Emirates, a federal judge has ruled.
On Dec. 7, Seattle District Court Judge Richard Jones agreed with federal prosecutors that Zhao should stay in the U.S. until his Feb. 23, 2024, sentencing due to his risk of flight if he leaves the country.
“The defendant has enormous wealth and property abroad, and no ties to the United States,” Judge Jones wrote.
