- CZ’s travel to UAE was denied by a US judge despite a $4.5B Binance equity offer.
- Concerns over flight risk were cited due to Zhao’s substantial wealth and ties abroad.
- Sentencing for CZ, facing 10-18 months in prison, is set for February.
Binance founder Changpeng ‘CZ’ Zhao faces a legal hurdle as a US federal judge rejects his request to travel to the UAE, despite offering $4.5 billion in Binance equity as security. The denial comes amid Zhao’s guilty plea to anti-money laundering charges and impending sentencing, adding complexity to his legal saga.
Changpeng ‘CZ’ Zhao was pleading to travel to the United Arab Emirates for a family emergency and had $4.5 billion in Binance US equity as security.
CZ’s flight risk concerns and sentencing
The rejection of Zhao’s travel request underscores concerns about potential flight risks. A federal judge in…