![]() ![]() Additionally, CZ's special status in the UAE, having obtained 'citizenship by invitation,' added complexity to the legal deliberations. and the lack of an extradition deal between the U.S. ![]() Prosecutors countered, emphasizing CZ's substantial wealth outside the U.S. Facing a potential sentence of up to 10 years, CZ's legal team argued that he willingly appeared in court once and is likely to do so again. This comes in the aftermath of Binance's $4.3 billion fine for violating anti-money laundering measures, leading to CZ's agreement to step down as CEO. Prosecutors raised concerns about CZ being a flight risk, pointing to his substantial wealth and the absence of an extradition treaty between the UAE and the U.S. The decision overturns a condition that would have allowed CZ to return to his residence in the United Arab Emirates, pending the resolution of the Government’s motion for review. In a significant development, Judge Richard Jones ruled that Changpeng Zhao (CZ), the former chief of Binance, must remain in the United States pending his sentencing. ![]()
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