Binance’s Changpeng Zhao barred from leaving U.S. ahead of sentencing
A federal judge ruled on Dec. 9 that Changpeng Zhao must remain in the U.S. until his sentencing on criminal charges related to anti-money laundering violations. The latest decision overturns an earlier ruling by a magistrate judge that would have allowed Zhao to return to the United Arab Emirates. In his ruling, U.S. District Judge Richard Jones acknowledged the uncommon nature of overturning a magistrate judge’s pre- sentencing decision, but he was convinced by the Justice Department’s reasoning that Zhao posed a flight risk. Breaking News: CZ Must Stay in the U.S. Until His Sentencing US District Judge Richard Jones just ruled that Binance founder Changpeng Zhao (CZ) can’t return to his home in the United Arab Emirates (UAE) before he is sentenced in the US, which will not be for at least six… pic.twitter.com/5kD5psAZTn — John Reed Stark (@JohnReedStark) December 8, 2023 Jones also noted that while Zhao’s $175 million bond is big, possibly even withou...