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International Business Times

Business

Nica Osorio

Court Prohibits Binance's CZ From Leaving US After Guilty Plea

CZ Binance Changpeng Zhao United States Richard Jones DOJ John Reed Stark Prison UAE the Department of Justice

KEY POINTS

Zhao pleaded guilty to violating the Bank Secrecy Act in a federal court in Seattle last Tuesday
He was released from custody after he posted a $175 million personal recognizance bond
Zhao's sentencing is scheduled for Feb. 23, 2024

Binance founder and former CEO Changpeng Zhao must remain in the U.S., at least temporarily, following his guilty plea last week. A federal judge, while considering a motion filed by the Department of Justice, ruled Monday that he cannot leave the country until his sentencing.

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