Judge Denies Ex-Binance CEO Changpeng Zhao from Leaving US: What You Need to Know

Former Binance Holdings Ltd. chief executive Changpeng Zhao has been blocked again from traveling as he awaits sentencing in the US for violating banking laws. The latest updates confirm that Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, must remain in the United States until his sentencing in February. This ruling is a follow-up on previous restrictions placed on his travel.

The legal battle continues as Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department's request to bar him from returning to his home in the United Arab Emirates. The core argument centers on the need for Zhao to be present to address personal matters and support his family, but U.S. authorities maintain he is a flight risk.

A U.S. district court judge barred former Binance CEO Changpeng Zhao from leaving the continental United States as he awaits sentencing after he pleaded guilty last year to charges related to anti-money laundering violations. Former Binance chief Changpeng Zhao cannot leave the US for the time being, a federal judge said Monday, after the founder of the world’s largest cryptocurrency exchange admitted guilt. This decision underscores the severity of the charges and the potential consequences Zhao faces.

The judge's decision ensures Changpeng Zhao will stay in the US, preventing any potential attempt to leave the country before his scheduled sentencing. The situation remains fluid, with ongoing legal arguments. Stay tuned for further updates on this developing story regarding the ex-Binance CEO and his legal proceedings.