CZ Travel Blocked Despite Offering $4.5B Security Amid Binance Settlement
• Judge blocks CZ from traveling to UAE, despite offer to post $4.5B Binance US equity as security • Request was to be present for hospitalization and surgery of unnamed individual in Abu Dhabi • CZ plead guilty to charges related to Binance's AML failures, agreed to step down as CEO • As part of settlement, Binance exiting US market and paying $4.3B in penalties • Judge ruled CZ must stay in US pending sentencing due to wealth abroad and flight risk