Richard

United

Coin

<ul class="news-points"> 
 <li>The U.S. court denied Changpeng Zhao’s request to travel to Abu Dhabi despite offering Binance equity of $4.5 billion as security.</li> 
 <li>Zhao reportedly intended to reach his home to be a part of the surgery and recovery of his close acquaintance.</li> 
 <li>WhaleWire cited it as Zhao’s fraud scheme, stating that he would escape forever if granted permission to leave the U.S.</li> 
</ul> 
According to a recent court <a href="https://storage.courtlistener.com/recap/gov.uscourts.wawd.328570/gov.uscourts.wawd.328570.56.0_1.pdf" target="_blank" rel="nofollow">filing</a>, Changpeng Zhao, the former CEO of Binance, has been prohibited from traveling to his home in the United Arab Emirates. Despite guaranteeing his Binance equity of $4.5 billion as security, Zhao was not permitted to reach his home for the “hospitalization and surgery” of a close person. 
A recent <a href="https://www.cnbc.com/2024/01/24/-binance-founder-changpeng-zhao-travel-blocked-by-federal-judge.html" target="_blank" rel="nofollow">report</a> cited that Zhao’s lawyers requested that Judge Richard Jones permit Zhao to reach Abu Dhabi in the first week of January and spend one to four weeks in the city. The request was reportedly based on a medical case, as the lawyers stated that Zhao intended to be present at the time of the surgery and the subsequent recovery period of his close acquaintance. 
The court filing hasn’t mentioned the per…
The post <a href="https://coinedition.com/court-denies-changpeng-zhaos-fourth-attempt-to-flee-the-us-report/">Court Denies Changpeng Zhao’s Fourth Attempt to Flee the US: Report</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Court Denies Changpeng Zhao’s Fourth Attempt to Flee the US: Report

Coin Edition

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