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International Business Times
International Business Times
Business
Nica Osorio

CZ Under Fire: X Restricts Ex-Binance CEO's Account; DOJ Scrambles To Prevent Him From Leaving US

KEY POINTS

  • CZ stepped down as Binance CEO as part of his settlement agreement with the DOJ
  • He was released on a $175M bond and allowed to return to his UAE residence
  • However, the DOJ thought he might not return to the U.S. if allowed to leave

Binance founder Changpeng Zhao is under fire. Apart from having his X account momentarily restricted following his resignation announcement, U.S. prosecutors filed a motion to prevent him from leaving the country.

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