Ex-Binance CEO Zhao’s Lawyers Urge U.S. Judge to Reject Travel Restrictions in Money Laundering Case
NY, 25th November 2023: Lawyers representing former Binance CEO Changpeng Zhao are requesting the U.S. Department of Justice to allow him to return to his residence in the United Arab Emirates until he sentence for violating anti-money laundering regulations.
In a Thursday motion, Zhao's legal team urged U.S. District Judge Richard Jones in Seattle to uphold the bail conditions set by a magistrate judge, which would permit Zhao to leave the United States while awaiting his sentencing.
Changpeng Zhao, a citizen of both the UAE and Canada, resigned as the CEO of Binance after pleading guilty to knowingly causing the global cryptocurrency exchange to fail in maintaining an effective anti-money laundering program.
U.S. authorities have accused Binance of violating U.S. anti-money la...