Dec 8, 2023

Binance founder Changpeng "CZ" Zhao is set to be sentenced in February 2024 after pleading guilty to one charge of violating the Bank Secrecy Act last month.

Video transcript

Yesterday. Federal Judge Richard Jones from the US District Court for the western district of Washington, Ie Seattle, uh, ruled that C cannot return to the United Arab Emirates before sentencing in February on the charge that you mentioned, uh, basically saying that, you know, while he, you know, understands that you can't stop someone from leaving the country just because they're not a citizen or whatever. Uh, C's situation is unique and he does find that there is a credible concern from the US government here. So cz facing, you know, 10 to 18 months in prison, uh, must now stay in the US until February 23rd, 2024 when he will be sentenced.

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