The USA does not want former Binance CEO Changpeng Zhao (CZ), with whom a compromise has been reached, to leave the country until his sentence is determined.
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. CZ then appeared before the US court and listened to the accusations And defense made.
According to a report by Reuters, US prosecutors Wednesday, November 22 In the application they made on the day, CZ risk of fleeing the country exists and that prevention should he emphasized. Prosecutors say CZ may not get away with just a fine and imprisonment for up to 1 year stated that it may be necessary.
currently United Arab Emirates (UAE) It was stated that if CZ, a citizen, returns to his country, he will escape many US sanctions.
For now, DOJ continues to evaluate prosecutors’ request. A US Justice Department spokesman had previously said CZ was expected to remain in Seattle until next Monday night, but would then be allowed to return to the United Arab Emirates. CZ’s On February 23, 2024 While the sentence is awaited imprisonment It is not clear yet.
In his statement in court last Tuesday, CZ said that he had obtained UAE citizenship. that you don’t want to use it to protect yourselfhe wants to handle the problems himself and that’s why without any hesitation He stated that he appeared before the US court.