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 <p class="is-style-lead">U.S. District Judge halts Binance CEO Changpeng Zhao’s return to UAE, citing risk of non-return before his February sentencing for financial violations.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="federal" href="https://thebittimes.com/tag/federal.html">federal</a> <a rel="noopener noreferrer nofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a> in Seattle has <a rel="noopener noreferrer nofollow" title="halted" href="https://thebittimes.com/tag/halted.html">halted</a> the former Binance CEO Changpeng Zhao’s application to <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a> to the UAE. The decision, which temporarily bars Zhao from leaving the U.S. until his February <a rel="noopener noreferrer nofollow" title="sentencing" href="https://thebittimes.com/tag/sentencing.html">sentencing</a>, overturns an earlier ruling that would have allowed him to travel back to the UAE.</p>
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    <p lang="en" dir="ltr">When JPM got caught facilitating trafficking transactions did their CEO do jail time?<br><br>I do not think so<br><br>I'm not saying Binance or CZ is 100% innocent I just want to see equality https://t.co/PQPhSm3Efl</p>— Wendy O (@CryptoWendyO) November 27, 2023
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Changpeng Zhao’s legal team suggests home detention, says he is not a flight risk
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 <p>The delay was ordered by U.S. District Judge Richard Jones following a request from U.S. prosecutors to reconsider the previous decision. This comes after Zhao admitted guilt to charges related to anti-money laundering and violations of U.S. sanctions, following Binance’s $4.3 billion settlement with the DOJ. His plea was part of a comprehensive deal with the authorities.</p>
 <p>Last week, Zhao’s lawyers filed a motion in <a rel="noopener noreferrer nofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a>, emphasizing that he’s not a flight risk and suggested the <a rel="noopener noreferrer nofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a> allow him home confinement in the UAE. However, prosecutors have expressed concerns over Zhao’s likelihood of <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a>ing to the U.S. for <a rel="noopener noreferrer nofollow" title="sentencing" href="https://thebittimes.com/tag/sentencing.html">sentencing</a>. They cite his substantial financial resources, strong connections in the UAE and the challenges associated with extradition as key factors contributing to the risk of him not <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a>ing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/changpeng-zhao-s-uae-return-halted-by-federal-court-before-sentencing-tbt71812.html">https://thebittimes.com/changpeng-zhao-s-uae-return-halted-by-federal-court-before-sentencing-tbt71812.html</a></p>

Changpeng Zhao’s UAE return halted by federal court before sentencing

TheBitTimes

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