Former Binance CEO speaks out against Justice Department travel restrictions
Changpeng “CZ” Zhao challenged the U.S. Justice Department’s efforts to restrict his travel and emphasized his commitment to solving the case and attending his U.S. sentencing.
Confirming Zhao’s intent and responsibility
Zhao’s legal team challenges the notion that he is a flight risk, emphasizing proactive measures such as flying out of the UAE and agreeing to a $175 million release bond as evidence of his willingness to take responsibility and appear for sentencing.
Ministry of Justice’s Concerns and Zhao’s Commitment
The U.S. Department of Justice has expressed concern that Zhao is a flight risk and has proposed travel restrictions. However, bail documents show Mr. Zhao pledged to return to the United States 14 days before his sentencing date of February 23, 2024, allaying concerns about his appearance in court.