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In the latest development in the U.S. Department of Justice (DOJ) against Changpeng ‘CZ’ Zhao, Binance founder CZ requested a federal court to grant an order related to travel permission.
Former Binance CEO Changpeng Zhao was earlier <a href="https://coingape.com/former-binance-ceo-cz-should-remain-in-us-judge-rules/" target="_blank" rel="noopener noreferrer nofollow">ordered</a> by the court to remain in the continental United States during the period between his plea and sentencing in February 2024.
<h2 id="ex-binance-ceo-changpeng-zhao-again-seeking-travel-permission">Ex-Binance CEO Changpeng Zhao Again Seeking Travel Permission?</h2>
Attorney for former Binance CEO Changpeng Zhao submitted a motion to seal earlier motion related to permission to travel, as per a filing late December 27.
Defendant CZ moves the court for an order sealing submission for permission to travel and submission to travel. Also, sealing the proposed order related to a motion to seal submission for permission to travel. Changpeng Zhao requests sealing the motion, submission, and order as it contains sensitive private medical information of his child.
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CoinGape reported that Judge Richard Jones earlier accepted a <a href="https://coingape.com/breaking-court-grants-order-sealing-documents-related-to-changpeng-cz-zhao/" target="_blank" rel="noopener noreferrer nofollow">motion by CZ</a> to seal documents in opposition to the government’s motion for review of the magistrate judge’s ruling on the defendant’s presentencing travel restrictions. A magistrate judge earlier allowed CZ to travel to his family in the UAE and return before the sentencing hearing. However, DOJ prosecutors believed there’s a flight risk of CZ to a country that doesn’t have an extradition treaty with the US.
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<h2 id="cz-wealth-grows-by-25-billion">CZ Wealth Grows by $25 Billion</h2>
CZ pleaded guilty to DOJ charges of anti-money laundering laws violation. He stepped down as CEO of Binance and chairman of <a href="https://coingape.com/breaking-changpeng-zhao-resigns-as-binance-us-chairman/" target="_blank" rel="noopener noreferrer nofollow">Binance.US board of directors</a>. The stipulated guideline range for the offense is either 10-16 months or 12-18 months imprisonment, considering the situation.
Despite legal troubles and other matters, <a href="https://coingape.com/ex-binance-ceo-changpeng-cz-zhao-net-worth-soars-5x-than-binance-4-3-bln-fine/" target="_blank" rel="noopener noreferrer nofollow">Changpeng ‘CZ’ Zhao’s wealth</a> increased by $25 billion in 2023, indicating the resilience of the crypto exchange Binance.
Also Read: <a href="https://coingape.com/ethereum-eth-price-jumps-9-above-2400-beginning-of-2024-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Ethereum (ETH) Price Jumps 9% Above $2,400, Beginning of 2024 Bull Run?</a>
The post <a href="https://coingape.com/breaking-binance-founder-changpeng-cz-zhao-seeks-order-related-to-travel-permission/" rel="noopener noreferrer nofollow">Breaking: Binance Founder Changpeng ‘CZ’ Zhao Seeks Order Related To Travel Permission</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Breaking: Binance Founder Changpeng ‘CZ’ Zhao Seeks Order Related To Travel Permission

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