Lawyers of former Binance CEO Changpeng Zhao (CZ), who reached a compromise with the USA, opposed the request to keep their client in prison until the next hearing.
CZ, former CEO of cryptocurrency exchange Binance, and the US Department of Justice (DOJ) Tuesday, November 21 reached an agreement and CZ resigned from his position He agreed to pay a fine.
Shortly after CZ’s plea, US prosecutors accused him of risk of fleeing abroad is and On February 23, 2024 in the USA until his sentence is determined. prisoner to wait he demanded.
Former CEO’s lawyers say their client There is no risk of escape While stating that until the date of the hearing in the USA Request to be kept in the USA opposed. Lawyers who made a statement on the issue asked the court to ask prosecutors for CZ reject the request to be kept on hold wanted.
Lawyers CZ a world-renowned personality is, criminal record does not exist and does not pose a danger to society he emphasized. In this regard, until the hearing that will take place in February 2024, it will be determined that CZ is currently a citizen. To the United Arab Emirates (UAE) He was requested to return:
Given all the information, US prosecutors offer no justification or additional basis for insisting that Mr. Zhao remain in the US, away from his family, for months between his plea and sentencing. For these reasons, Mr. Zhao respectfully requests that the court reject the government’s request and allow him to return to the UAE while awaiting sentence execution.
Although there is no finalized prison sentence for CZ yet up to 18 months imprisonment or possibility of being placed under house arrest is available. In addition, CZ will pay a $50 million fine.
Speaking at the first hearing of the case, Magistrate Judge Brian Tsuchida commented that Zhao’s voluntary coming to the United States was convincing and reassuring.