Posted 11/27/2023, 5:08:00 AM
Prosecutors: Binance's CZ a Flight Risk Despite Surrender, Cite Potential 10-Year Sentence
- U.S. Attorneys argue CZ is a "flight risk that could be managed" despite his voluntary surrender
- They push back against his claim of not being a flight risk given potential 10-year sentence
- As UAE citizen with ties there, he may not return if allowed to leave US pre-sentencing
- CZ pleaded guilty to breaking US anti-money laundering laws, stepped down as CEO
- Binance pleaded guilty, agreed to $4.3B in fines among largest in DOJ history