Binance CZ’s Travel Permit Denied for the Second Time by US Judge
A federal judge on Friday again denied Binance founder Changpeng “CZ” Zhao’s request for permission to travel abroad while awaiting sentencing on criminal charges in the United States
The decision by Judge Richard Jones of the US District Court for the Western District of Washington marks the second time Zhao has been banned from traveling abroad after prosecutors claimed the former Binance executive was a flight risk.
The sealed ruling filed on Friday did not detail Zhao’s argument against the court’s repeated efforts to block his return to the UAE, where his three children and their mother reside. The former Binance CEO pleaded guilty last month to a charge of violating the Bank Secrecy Act and was released on a $175 million personal recognizance bond, among other financial conditions.
Read more: Is Binance Big Enough to Avoid $4.3 Billion Fines and Ouster of Founder CZ?
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