United

<div class="coinjournal">
 <ul class="decimal_type">
  <li>CZ’s travel to UAE was denied by a US judge despite a $4.5B Binance equity offer.</li>
  <li>Concerns over flight risk were cited due to Zhao’s substantial wealth and ties abroad.</li>
  <li>Sentencing for CZ, facing 10-18 months in prison, is set for February.</li>
 </ul>
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> founder Changpeng ‘CZ’ Zhao faces a legal hurdle as a US federal judge rejects his request to <a rel="noopener noreferrer nofollow" title="travel" href="https://thebittimes.com/tag/travel.html">travel</a> to the UAE, despite <a rel="noopener noreferrer nofollow" title="offer" href="https://thebittimes.com/tag/offer.html">offer</a>ing $4.5 billion in <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> <a rel="noopener noreferrer nofollow" title="equity" href="https://thebittimes.com/tag/equity.html">equity</a> as security. The denial comes amid Zhao’s guilty plea to anti-money laundering charges and impending sentencing, adding complexity to his legal saga.</p>
 <p>Changpeng ‘CZ’ Zhao was pleading to travel to the United Arab Emirates for a family emergency and had $4.5 billion in Binance US equity as security.</p>
 <h2 id="cz-s-flight-risk-concerns-and-sentencing">CZ’s flight risk concerns and sentencing</h2>
 <p>The rejection of Zhao’s <a rel="noopener noreferrer nofollow" title="travel" href="https://thebittimes.com/tag/travel.html">travel</a> request underscores concerns about potential flight risks. A federal judge in Seattle had previously ruled that Zhao must remain in the US pending his sentencing, citing his substantial wealth abroad and minimal ties to the United States.</p>
 <p>Zhao’s sentencing, scheduled for February, could result in a 10 to 18-month prison term under federal sentencing guidelines. His guilty plea and resignation from the Binance US board also necessitated Binance’s exit from the US market and a hefty $4.3 billion penalty for anti-money laundering violations.</p>
 <p>The denial to <a rel="noopener noreferrer nofollow" title="travel" href="https://thebittimes.com/tag/travel.html">travel</a> outside the US continues to compound Changpeng ‘CZ’ Zhao’s legal troubles. The decision underscores concerns about flight risks and adds complexity to Zhao’s legal saga, which includes a guilty plea to anti-money laundering charges and an impending sentencing. As Zhao navigates these challenges, the future of <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> and his standing in the cryptocurrency community remain uncertain.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/us-judge-denies-changpeng-zhao-travel-to-uae-despite-4-5b-binance-equity-offer-tbt77729.html">https://thebittimes.com/us-judge-denies-changpeng-zhao-travel-to-uae-despite-4-5b-binance-equity-offer-tbt77729.html</a></p>

US Judge denies Changpeng Zhao travel to UAE despite $4.5B Binance equity offer

목차

TheBitTimes

2024년 1월 25일에 게재된 다른 기사

Crypto: The Court releases truckers’ assets in Canada

Core Scientific’s Stock Plummets 30% Post-Bankruptcy Relisting

Eco acquires stablecoin shopping app Join

Myro Price Prediction: MYRO Plunges 16% As Investors Turn To This Meme Coin ICO With A 100X Track...

MyroDragon: The Adorable Crypto Canine with Dragon Power Takes the Crypto World by Storm!

Thailand Cryptocurrency Exchanges Getting Ready Ahead Of Crypto Tax Changes

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!