{"id":202614,"date":"2023-11-29T06:18:15","date_gmt":"2023-11-29T00:48:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=202614"},"modified":"2023-11-29T06:18:15","modified_gmt":"2023-11-29T00:48:15","slug":"former-binance-ceo-cz-barred-from-leaving-us-for-now-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/former-binance-ceo-cz-barred-from-leaving-us-for-now-crypto-news\/","title":{"rendered":"Former Binance CEO CZ Barred from Leaving US (For Now) – Crypto News"},"content":{"rendered":"

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Former Binance CEO Changpeng Zhao, known as CZ, has been ordered<\/a> by a US District Court to remain in the United States for now before a decision on this matter is reached. This comes amid ongoing legal proceedings concerning CZ’s involvement in money laundering activities.<\/p>\n

A legal battle intensifies<\/h3>\n

Earlier, CZ’s attorneys requested permission for him to return to the United Arab Emirates (UAE) before his sentencing.<\/p>\n

However, this motion was challenged by the Department of Justice (DOJ), leading to the most recent ruling.\u00a0<\/p>\n

The executive’s legal team argued that he does not pose a flight risk, citing his voluntary appearance in court and his established family life in the UAE.\u00a0<\/p>\n

Still, the DOJ remains concerned about the possibility of Zhao not returning to the US for his sentencing, especially given the UAE’s uncertain extradition policies.<\/p>\n

Will CZ face jail time? \u00a0<\/h2>\n

As reported by U.Today<\/a>, Zhao, who recently stepped down from his role at Binance following a $4.3 billion settlement with the DOJ, faces a potential prison sentence of up to 10 years.<\/p>\n

However, various indications suggest a lighter outcome. Zhao’s lack of criminal record and the Justice Department’s apparent willingness for a settlement, as seen in similar past cases, point toward a possible arrangement. Such an arrangement might involve probation or house arrest rather than significant jail time.\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Former Binance CEO Changpeng Zhao, known as CZ, has been ordered by a US District Court to remain in the United States for now before a decision on this matter is reached. This comes amid ongoing legal proceedings concerning CZ’s involvement in money laundering activities. A legal battle intensifies Earlier, CZ’s attorneys requested permission for […]<\/p>\n","protected":false},"author":2,"featured_media":202615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-202614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=202614"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202614\/revisions"}],"predecessor-version":[{"id":202616,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202614\/revisions\/202616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/202615"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=202614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=202614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=202614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}