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

Zhao has requested permission to travel to the UAE, where his three children reside.

Di Elizabeth Napolitano|Editor Aoyon Ashraf

Aggiornato 9 mar 2024, 1:48 a.m. Pubblicato 29 dic 2023, 7:44 p.m. Tradotto da IA

Binance CEO Changpeng “CZ” Zhao (CoinDesk, modified by PhotoMosh)

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.

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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.

Binance CZ Changpeng "CZ" Zhao

Elizabeth Napolitano

Elizabeth Napolitano was a data journalist at CoinDesk, where she reported on topics such as decentralized finance, centralized cryptocurrency exchanges, altcoins, and Web3. She has covered technology and business for NBC News and CBS News. In 2022, she received an ACP national award for breaking news reporting.