Former Binance CEO Changpeng Zhao is ordered NOT to leave the US

Former Binance CEO Changpeng Zhao is ordered NOT to leave the US

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Former Binance chief Changpeng Zhao has been ordered not to leave the US after pleading guilty to violating anti-money laundering laws.

The founder of the world's largest crypto currency exchange previously agreed to a deal to step down from the company after pleading guilty to violating anti-money laundering rules in a deal that came with $4.3billion in fines.

Zhao will be required to stay in the US until the Seattle court considers whether he should remain through his sentencing hearing in February, or click if he should be allowed to return to UAE, where he is a citizen.

US District Court Judge Richard Jones said Zhao - who flew to the US from the UAE for his guilty plea - shall remain 'until such time as this Court resolves the Government's motion for review.' 

The UAE has no extradition treaty with the US, with Zhao's attorneys calling his 'voluntary' attendance a sign of good faith. Leer más

Publicado el 2024/09/28

Descripción

Former Binance chief Changpeng Zhao has been ordered not to leave the US after pleading guilty to violating anti-money laundering laws.

The founder of the world's largest crypto currency exchange previously agreed to a deal to step down from the company after pleading guilty to violating anti-money laundering rules in a deal that came with $4.3billion in fines.

Zhao will be required to stay in the US until the Seattle court considers whether he should remain through his sentencing hearing in February, or click if he should be allowed to return to UAE, where he is a citizen.

US District Court Judge Richard Jones said Zhao - who flew to the US from the UAE for his guilty plea - shall remain 'until such time as this Court resolves the Government's motion for review.' 

The UAE has no extradition treaty with the US, with Zhao's attorneys calling his 'voluntary' attendance a sign of good faith.

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