Richard

United

<p>The post <a href="https://coinpedia.org/crypto-live-news/cz-must-stay-in-us-until-sentencing-federal-judge/" rel="noopener noreferrer nofollow">CZ Must Stay in US Until Sentencing: Federal Judge</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Binance founder Changpeng Zhao has been ordered to remain in the United States until his sentencing in February by a federal judge due to concerns over his potential flight risk. Judge Richard Jones agreed with prosecutors that Zhao’s wealth and family ties in the United Arab Emirates (UAE) could make it difficult to ensure his return if he chose not to come back to the US. Zhao pleaded guilty to money laundering charges in November and faces up to 18 months in prison. He has already posted a $175 million bond, which Judge Jones described as “largely composed of assets beyond the government’s reach.” Zhao’s guilty plea and $4.3 billion settlement with US regulators in November saw him step down as CEO of Binance.</p>

CZ Must Stay in US Until Sentencing: Federal Judge

CoinPedia News

Other articles published on Dec 8, 2023

A Simple Guide to Checking Out DeFi Projects Before Investing

Exclusive: Can AI Help Find A Middle Road for Data Privacy?

Top Analyst Says Ethereum on Cusp of ‘Inevitable Rage Pump,’ Updates Outlook on Bitcoin and One N...

Illuvium Partners with Team Liquid

US Lawmakers Introduce Bill to Counter Crypto Use in Terror Funding

Zebec Launches Instant, Multi-chain, Non-custodial, No fees Crypto Card Worldwide (8 Dec)

Join our free newsletter for daily crypto updates!