Monday, September 15, 2025

Changpeng Zhao, Former Binance CEO, Temporarily Blocked From Leaving The US

The US Department of Justice has been partially successful in its bid to stop Changpeng Zhao, the former CEO and founder of Binance, from leaving the United States ahead of a trial scheduled for early next year.

As per Reuters, a federal judge has ruled that Zhao, who is commonly known as CZ, must stay in the country at least temporarily following his guilty plea last week to violating anti-money laundering laws. The hold is said to be temporary until the courts can properly determine whether his should stay should be required until his sentencing trial in February. CZ meanwhile is looking to leave the country to return to the United Arab Emirates, where he holds citizenship.

Zhao currently faces up to 18 months in prison following his guilty plea. Given his lack of ties to the United States, the DoJ was concerned that Zhao would not return to the United States to serve his sentence. The UAE meanwhile does not have an extradition agreement in place with the US.


Information for this story was found via Reuters and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Are Binance Bank Transfers Failing?

A number of Binance customers have been sharing their experiences on Reddit of Automated Clearing...

Wednesday, March 29, 2023, 10:41:00 AM

US Lawmakers Want Criminal Charges For Binance, Investigate Tether On Alleged Terrorism Funding

Republican lawmakers have called on the U.S. Department of Justice to thoroughly investigate whether Binance...

Friday, October 27, 2023, 02:53:00 PM

US Orders Binance’s Changpeng Zhao to Surrender Passports

The United States has mandated that former Binance CEO Changpeng Zhao surrender all his passports,...

Wednesday, March 13, 2024, 12:17:00 PM

Binance: Former CFO Reportedly Claims To Have Never Seen Firms Full Books

The former CFO of the world’s largest crypto exchange reportedly never saw the firm’s books...

Tuesday, December 20, 2022, 10:12:53 AM

Binance Australia Customers Face Withdrawal, Deposit Disruptions After Third-Party Payments Provider Cuts Services

Binance Australia, the local division of the world’s leading cryptocurrency exchange, announced on Thursday that...

Saturday, May 20, 2023, 07:22:00 AM