Binance CZ Faces Travel Restriction as Judge Reviews Pending Court Decision

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.

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.

After entering a guilty plea, CZ has resisted attempts by the US authorities to prevent him from seeing his family in the UAE while he awaits sentencing.

Government prosecutors in the US are attempting to prevent CZ from departing the nation due to fears about his possible danger of escape.

Before his sentencing on February 23, 2024, Binance founder Changpeng "CZ" Zhao will pay a $175 million release bail and consent to return to the United States for 14 days.