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Binance CZ is not a flight risk

Binance CZ is not a flight risk

According to the US Department of Justice (DOJ), A Binance Its former CEO should remain free pending sentencing, but cannot leave the United States.

The US Department of Justice does not want CZ “Zhang Ping” Zhao to be imprisoned awaiting sentencing, but it also does not want him to leave the United States. The Authority confirms that “The risk of escape is manageable.” means

Late last week, the Czechoslovak lawyer said his client is not a US citizen, holds a UAE passport and a Canadian passport, but entered the US voluntarily to appear in court, meaning he is not a flight risk.

“Based on all relevant facts, including Mr. Chow’s surrender, his determination to solve the case, and the large bail package he proposed, Judge Tsuchida found that Mr. Chow does not pose a flight risk, even if incarcerated.” The United Arab Emirates.” – stated in last week’s submission.

But US prosecutors refused to do so, arguing that the potential severity of the sentence would encourage Zhao to flee to the United Arab Emirates, which does not have an extradition treaty with the United States. With the United States.

The file says he could be sentenced to up to 10 years in prison in the United States. “The sanctions that await him at sentencing will undoubtedly appear significant to him, and this supports the reasonable restrictions proposed by the United States.” is present in the document.

On Tuesday last week, Zhao pleaded guilty to violating US anti-money laundering laws and resigned from his position as CEO of Binance. Meanwhile, the company pleaded guilty to numerous criminal and civil charges while agreeing to pay $4.3 billion in fines, among the largest corporate fines in the history of the US Department of Justice.

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Former Stock Exchange Chairman Sam Bankman-Fried, who is also awaiting sentencing, remains in pre-trial detention.

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