{"id":430486,"date":"2023-12-08T10:02:46","date_gmt":"2023-12-08T09:02:46","guid":{"rendered":"https:\/\/thecoinacademy.co\/news\/binance-founder-restricted-from-leaving-us\/"},"modified":"2023-12-08T10:03:00","modified_gmt":"2023-12-08T09:03:00","slug":"binance-founder-restricted-from-leaving-us","status":"publish","type":"post","link":"https:\/\/thecoinacademy.co\/news\/binance-founder-restricted-from-leaving-us\/","title":{"rendered":"Binance Founder Restricted from Leaving the United States Pending Trial"},"content":{"rendered":"<p><strong>CZ Can&#8217;t Leave the United States Pending Trial:<\/strong><\/p>\n<p>Changpeng Zhao, the former CEO of Binance, has been judged by a federal court in Seattle and<strong> cannot return to the United Arab Emirates before his scheduled conviction in the United States in February 2024.<\/strong><\/p>\n<p>This decision, made on <strong>December 7th<\/strong> by Judge Richard Jones, following an initial decision on November 27th, stems from prosecutors&#8217; concerns that Zhao poses a<strong> flight risk,<\/strong> due to his wealth and<strong> the lack of an extradition treaty between the United Arab Emirates and the United States.<\/strong><\/p>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;The defendant possesses immense wealth and assets abroad, and has no ties to the United States.&#8221;<\/p>\n<p><cite>stated Judge Richard Jones<\/cite><\/p><\/blockquote>\n<p>In November, Zhao pleaded guilty to violating the bank secrecy law and money laundering, and also agreed to pay a<strong> $50 million fine.<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-jusqu-a-10-ans-de-prison-pour-le-fondateur-de-binance\"><span id=\"up-to-10-years-in-prison-for-binance-founder\"><span id=\"jusqua-10-ans-de-prison-pour-le-fondateur-de-binance\">Up to 10 Years in Prison for Binance Founder?<\/span><\/span><\/h2>\n<p>Zhao, who could potentially be<strong> sentenced to up to 10 years in prison<\/strong>, has been deemed too risky to<strong> leave the United States.<\/strong><\/p>\n<p>This case highlights the growing legal challenges<strong> faced by cryptocurrency leaders,<\/strong> particularly in relation to banking secrecy laws and anti-money laundering efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"CZ Can&#8217;t Leave the United States Pending Trial: Changpeng Zhao, the former CEO of Binance, has been judged&hellip;\n","protected":false},"author":8,"featured_media":430488,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","original_i18n_url":"https:\/\/coinacademy.fr\/actu\/fondateur-binance-condamne-rester-sol-americain-sentence\/"},"categories":[139,144],"tags":[],"coauthors":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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