In an attempt to gain permission to temporarily return to the UAE, former Binance CEO CZ attempted to pledge his multibillion-dollar interest in Binance US.
The CFTC will receive payments of $150 million from CZ Zhao and $2.7 billion from Binance as a result of an order imposed by a US court against the crypto exchange.
As part of a deal with the US Department of Justice involving the cryptocurrency exchange Binance, Changpeng "CZ" Zhao entered a guilty plea to one felony charge.