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Binance’s CZ Denied Permission to Travel by U.S. Judge for the Second Time

cryptovert December 30, 2023 1 min read

A
federal
judge
on
Friday
again
denied
Binance
founder
Changpeng
“CZ”
Zhao’s
request
for
permission
to
travel
abroad
as
he
awaits
sentencing
for
criminal
charges
in
the
U.S.

The
ruling
by
Judge
Richard
Jones
of
the
U.S.
District
Court
for
the
Western
District
of
Washington
marks
the

second
time

Zhao
has
been
forbidden
from
traveling
abroad
after
prosecutors
argued
that
the
former
Binance
executive
was
a

flight
risk
.

The
sealed
ruling,
filed
on
Friday,
did
not
disclose
in
detail
Zhao’s
argument
against
the
court’s
repeated
efforts
to
block
his
return
to
the
UAE,
where
his
three
children
and
their
mother
reside.
The
former
Binance
CEO
pleaded
guilty
to
one
charge
of
violating
the
Bank
Secrecy
Act
last
month
and
was
released
on
a

$175
million
personal
recognizance
bond
,
in
addition
to
other
financial
conditions.

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