Posted 11/24/2023, 11:42:00 PM
Binance's Zhao Deemed No Flight Risk, Allowed to Return to UAE Pending $4.3B Settlement Sentencing
- Binance founder Changpeng "CZ" Zhao poses "no risk of flight", his attorneys argued in a filing
- Zhao already demonstrated he won't flee by voluntarily coming to the U.S. to enter his guilty plea
- The judge agreed Zhao presenting himself showed he's not a flight risk, even with his ties to the UAE
- Zhao was released on a $175 million bond; DOJ wants him to stay in the U.S., but he seeks to return to the UAE
- Zhao faces up to 18 months in prison when he's sentenced on Feb. 23, 2024 as part of Binance's $4.3B settlement