Changpeng Zhao’s UAE return halted by federal court before sentencing

U.S. District Judge halts Binance CEO Changpeng Zhao’s return to UAE, citing risk of non-return before his February sentencing for financial violations.

The federal court in Seattle has halted the former Binance CEO Changpeng Zhao’s application to return to the UAE. The decision, which temporarily bars Zhao from leaving the U.S. until his February sentencing, overturns an earlier ruling that would have allowed him to travel back to the UAE.

You might also like: Changpeng Zhao’s legal team suggests home detention, says he is not a flight risk

The delay was ordered by U.S. District Judge Richard Jones following a request from U.S. prosecutors to reconsider the previous decision. This comes after Zhao admitted guilt to charges related to anti-money laundering and violations of U.S. sanctions, following Binance’s $4.3 billion settlement with the DOJ. His plea was part of a comprehensive deal with the authorities.

Last week, Zhao’s lawyers filed a motion in court, emphasizing that he’s not a flight risk and suggested the court allow him home confinement in the UAE. However, prosecutors have expressed concerns over Zhao’s likelihood of returning to the U.S. for sentencing. They cite his substantial financial resources, strong connections in the UAE and the challenges associated with extradition as key factors contributing to the risk of him not returning.

Read more: Binance listing triggers 75% price surge for Blur token
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Bitcoin Cash Price Prediction for Today, February 11 – BCH Technical Analysis

Image
The Bitcoin Cash price prediction adds a tremendous 7.35% gain, and the coin touches the resistance level of $277.46. Bitcoin Cash (BCH) Trades Bullishly After Facing Challenges Bitcoin Cash (BCH) has encountered difficulties in upholding its price consistency, fluctuating within the $234 to $235 range throughout the past week, experiencing a modest uptick of 0.2%. Nevertheless, Bitcoin Cash (BCH) is showing signs of relief, maintaining a range between $246 and $277 respectively. Bitcoin Cash Prediction Statistics Data: Bitcoin Cash price now – $266.0 Bitcoin Cash market cap – $5.28 billion Bitcoin Cash circulating supply – 19.6 million Bitcoin Cash total supply – 19.6 million Bitcoin Cash Coinmarketcap ranking – #20 BCH/USD Market Key Levels: Resistance levels: $300, $320, $340 Support levels: $220, $200, $180 BCHUSD – Daily Chart BCH/USD is fetching a decent hike in the last 24 hours, which takes the coin toward the resistance level of $280 level. The Bitcoin Cash pri
Read more

C+Charge Carbon Credit Crypto Project Approved by Leading Auditing Firm – Raises $360,000 in Presale

Image
Source: SolidProof Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. C+Charge has passed a security audit conducted by Germany-based blockchain auditor SolidProof, which examined its core smart contracts and found no issues at all. Its publication comes just as the BNB Chain-based carbon credit platform marks raising $370,000 in its ongoing token sale, indicating the growing market interest in its plans to create a blockchain-based network of EV-charging stations. Offering CCHG at a price of $0.013, the presale aims to raise $2,080,000 and is due to end on March 31, when the altcoin will receive its first exchange listings. This will also potentially be the time when early CCHG investors make a market-beating profit, with C+Charge having some of the strongest fundamentals of any new project in the ecosystem. C+Charge Carbon Credit Crypto Project Approved by Leading Auditi
Read more

Bitcoin 5-Week Bullish Streak Falters; Can CPI Data Perform Wonders?

Bitcoin saw a notable five-week surge, lifting its value by nearly 40%, only to face a bearish downturn and consolidate around $36k. The excitement surrounding a potential spot ETF diminishes as Bitcoin fails to surpass $37k. Investors now focus on the upcoming CPI data release as a crucial market influencer. Following a robust five-week ascent, propelling its value by nearly 40%, Bitcoin (BTC) has encountered a period of consolidation in the $37,000 range. The digital asset appears unable to sustain the bullish rally, with its price now around $36,000 after largely bearish trading in the past 24 hours. With the excitement surrounding the potential approval of a Bitcoin spot ETF dwindling, investors may shift their focus to Tuesday’s Consumer Price Index (CPI) as a potential catalyst for renewed bullish momentum. Specifically, the U.S. Bureau of Labor Statistics (BLS) is expected to release the CPI data today at 08:00 a.m. local time. Financial experts an
Read more