Changpeng Zhao (CZ), the founder and former CEO of Binance, which is currently the largest centralized cryptocurrency exchange platform in the world in terms of trading volume, faced a setback in his legal proceedings as a U.S. court has again rejected his motion to travel to the United Arab Emirates while he awaits sentencing in the United States for violating banking laws.
Following a court hearing in Seattle on Friday, Judge Richard Jones of the Western District of Washington denied Zhao’s motion, which asked the court for permission to travel to the UAE, with the reasons and destination of his trip filed in court under seal.
During a court hearing held in Seattle, Judge Richard Jones, presiding over the Western District of Washington, denied Zhao’s motion. This is the second time that Zhao’s request to leave the United States has been denied by the court.
Last Wednesday, Zhao asked the court to safeguard his child’s privacy by sealing confidential information and preventing it…
