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News Explorer — Binance Founder Changpeng Zhao Must Stay in the US Until Sentencing

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Dec 8, 2:51 am
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Binance Founder Changpeng Zhao Must Stay in the US Until Sentencing

Binance founder Changpeng Zhao has been ordered by a federal judge in Seattle to remain in the United States until his sentencing on criminal charges related to anti-money laundering violations. The judge cited Zhao's significant wealth overseas and the lack of an extradition treaty with the United Arab Emirates as reasons for imposing travel restrictions. Zhao pleaded guilty to failing to maintain an effective anti-money laundering program and faces 10 to 18 months in prison.

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