Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Binance founder CZ remanded to remain in mainland US, banned from traveling to UAE
TRADING NEWS

Binance founder CZ remanded to remain in mainland US, banned from traveling to UAE

By Crypto FlexsDecember 8, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance founder CZ remanded to remain in mainland US, banned from traveling to UAE
Share
Facebook Twitter LinkedIn Pinterest Email

Binance founder Changpeng Zhao, better known as CZ, has recently been grappling with serious legal hurdles in the United States. In the high-profile case, his guilty plea led a federal judge in Seattle to impose movement restrictions on him.

advertising

Former Binance Boss CZ Is Restricted To US Soil

CZ, a central figure at Binance, pleaded guilty to failing to establish anti-money laundering measures and violating US sanctions. His plea, which included resigning as CEO, had a significant impact on both him and the cryptocurrency exchange.

U.S. District Judge Richard Jones on Thursday overturned an earlier ruling that had allowed Zhao to return to the United Arab Emirates. Noting Zhao’s considerable assets and tenuous ties to the United States, Judge Jones emphasized the flight risk he poses. This decision came after Jones agreed to a plea agreement between US authorities and CZ as part of Binance’s settlement process.

Judge Jones expressed to the court that assurances that CZ would not flee if he could go to the UAE, which does not have an extradition agreement with the United States, were unconvincing. As a result, he ordered CZ to remain in the continental United States until sentencing in February 2024. CZ could face up to 18 months in prison for these crimes.

Many speculate that CZ will not face jail time like Arthur Hayes, former CEO of Bitmex. Hayes was sentenced to six months of house arrest and two years of probation for violating the Bank Secrecy Act (BSA) by failing to implement an anti-money laundering (AML) system at Bitmex. Hayes faced potential prison time, but his guilty plea and fine agreement helped him avoid prison.

What do you think about the recent court ruling against former Binance President CZ? Share your thoughts and opinions on this topic in the comments section below.

Source: Bitcoin.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Don’t invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.

June 8, 2025

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

40% mask token conflict in Trump vs. Elon Musk

June 8, 2025

Gemini IPO submissions will bring the Winklevoss Crypto company to Wall Street.

June 8, 2025

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.

June 8, 2025

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025
Most Popular

Crypto Boosters Attack SEC for ‘Manipulating’ BTC Market After ETF

January 10, 2024

XRP Recalls 2017: Could We See a New ATH in 2024?

July 17, 2024

Bitfinex was the first to list Dymension’s native token, DYM.

February 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.