{"id":87409,"date":"2023-11-23T11:52:09","date_gmt":"2023-11-23T09:52:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87409"},"modified":"2025-09-13T11:39:05","modified_gmt":"2025-09-13T08:39:05","slug":"prosecutors-seek-to-bar-cz-from-leaving-the-united-states","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/prosecutors-seek-to-bar-cz-from-leaving-the-united-states\/","title":{"rendered":"Prosecutors seek to bar CZ from leaving the United States"},"content":{"rendered":"<p>Former Binance CEO Changpeng Zhao must remain in the United States until the verdict in his case on February 23, 2024. Prosecutors stated this in the <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.wawd.328570\/gov.uscourts.wawd.328570.34.0.pdf\">filed motion<\/a>.<\/p>\n<p>Prosecutors consider Zhao&#8217;s flight risk to be &#8220;substantial&#8221;, given his significant wealth outside the United States and minimal ties to the country.<\/p>\n<p>CZ himself, a citizen of the UAE and Canada, said that permission for his travel should be granted &#8220;on the basis of a $175 million bail, secured by $15 million in cash held in trust, and three responsible persons who pledged property or cash.&#8221;<\/p>\n<p>However, prosecutors say the former Binance chief has not presented clear and convincing evidence that he would not flee if he returns to the United Arab Emirates.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cZhao&#8217;s substantial assets and his strong ties to the UAE, as well as the government&#8217;s inability to extradite him from the UAE, support granting the court&#8217;s order that he should remain in the United States until the verdict,\u201d the motion states.<\/p>\n<\/blockquote>\n<p>The court is to consider this petition by 5:00 p.m. PST on November 27 (3:00 a.m. Kyiv time\/4:00 a.m. Moscow time on November 28).<\/p>\n<p>As reported, Zhao <a href=\"https:\/\/u1f987.com\/en\/news\/media-changpeng-zhao-to-step-down-as-binance-to-pay-4-3-billion-in-penalties\">pleaded guilty<\/a> to one count that Binance failed to maintain an effective anti-money-laundering program.<\/p>\n<p>On November 22, the court released him from custody <a href=\"https:\/\/u1f987.com\/en\/news\/binance-founder-changpeng-zhao-released-on-175-million-bond\">on bail of $175 million<\/a>.<\/p>\n<p>Current release conditions allow CZ to leave the United States, but he must return to the country by February 9, 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Binance CEO Changpeng Zhao must remain in the United States until the verdict in his case on February 23, 2024, according to prosecutors\u2019 motion.<\/p>\n","protected":false},"author":1,"featured_media":87410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,935,1162,26],"class_list":["post-87409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao","tag-court-cases","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87409"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87409\/revisions"}],"predecessor-version":[{"id":87411,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87409\/revisions\/87411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87410"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}