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International Business Times
International Business Times
Business
Nica Osorio

CZ's Bold Move Foiled: Judge Bars UAE Trip Despite Binance Stake Pledge

Binance Changpeng Zhao CZ UAE Richard Jones SEC United States

KEY POINTS

  • Judge shot down CZ's request to travel
  • CZ pledged all of his Binance.US stakes worth over $4 billion
  • Binance's CZ was initially allowed by the court to leave the country and return a few weeks before his sentencing

Despite former Binance CEO Changpeng Zhao's audacious move to offer his substantial Binance.US stake as collateral, his endeavor to secure temporary travel permit to the United Arab Emirates has been thwarted as a U.S. judge unequivocally denied his request.

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