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International Business Times

Business

Nica Osorio

Court Rules Binance's CZ Should Stay In US Until Sentencing

Changpeng Zhao CZ Binance Changpeng Zhao United States Richard Jones UAE DOJ Crypto John Reed Stark SEC

KEY POINTS

The court originally permitted Zhao to go the UAE and return to the U.S. weeks before the sentencing
The DOJ appealed the decision, saying Zhao is a flight risk who shouldn't leave the U.S.
Zhao's sentencing is scheduled for February 2024

Changpeng Zhao (CZ), founder and former CEO of global crypto exchange platform Binance, is stuck in the U.S. until his sentencing in February 2024 after he pleaded guilty to one charge of violating the Bank Secrecy Act last month.

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