Former Binance CEO Pushes Back Against Department of Justice’s Travel Restrictions
Changpeng “CZ” Zhao contests the U.S. Department of Justice’s efforts to limit his travel, emphasizing his dedication to resolving the case and ensuring his presence at the sentencing in the U.S.
Affirming Zhao’s Intent and Accountability
Zhao’s legal team stresses his proactive measures, such as flying from the UAE and agreeing to a $175 million release bond, as evidence of his commitment to taking responsibility and showing up for sentencing, challenging the notion that he poses a flight risk.
DOJ’s Apprehensions and Zhao’s Pledge
The U.S. Department of Justice expresses concerns about Zhao being a flight risk and proposes travel restrictions. However, the bond document reveals Zhao’s pledge to return to the U.S. 14 days before his February 23, 2024, sentencing date, addressing concerns about his court appearance.