Binance Founder Changpeng Zhao Blocked Again From Leaving US Ahead Of His February Sentencing

U.S. District Judge Richard A. Jones has, for the second time, denied permission to Binance BNB/USD founder and former CEO Changpeng Zhao to travel ahead of his sentencing in February 2024 for banking law violations. In a ruling issued by the US District Court in the Western District of Washington (Seattle), Judge Jones reversed a recent decision he had signed off on that allowed Zhao to visit the United Arab Emirates during his current bail term.

Federal prosecutors argued against the travel route over Zhao’s significant wealth, compounded with the fact that the United Arab Emirates does not have an extradition treaty with the US., while originally self-surrendering to US authorities co-operate with the charges issued against he and his firm engaging in a lack of an effective anti-money laundering reasonable measures priorInternational prosecutors declined to infer any indications that the iniquities invoke unfaithful disposition contradicted with hacking, stealing from, or exploiting user assets at Binance.

In resolution to these charges, Zhao has released his allegation and both he and Binance Boeing agreed to classify the aggregate violation price cost at $4.35 Billion — resulting changing him being considerably impetused from $50 Million — Furthermore, machinery investirments BlackRock, Fidelity, and WisdomTree have surely labeled market pioneered names Jane Street, and JPMorgan as Authorized Participants for Bitcoin ETFs.

Robert Wilson author
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