Binance founder directed to remain in US until sentence hearing

28/11/2023

Binance Founder and former CEO, Changpeng Zhao, has been ordered to stay in the US until his February sentencing after pleading guilty to violating US Anti-Money Laundering laws. The guilty plea accompanied a historic $4.3 billion settlement by Binance. Despite Zhao's plea to return to his family in the United Arab Emirates, prosecutors argued for his stay in the US due to extradition concerns. Judge Richard Jones sided with prosecutors, emphasizing fair proceedings. The plea's sentencing outcome is uncertain, with speculation about a possible 10-year sentence. The plea deal's impact on the final judgment remains unknown.

Resource: https://coingape.com/breaking-binance-founder-ordered-to-stay-in-us-until-his-sentence-hearing/?utm_source=24hrsupdateall