Former Binance CEO Asks Judge to Permit Him to Leave US Before Sentencing

GettyImages 1244425803 - The Japan Weeknd Magazine
Lawyers for Zhao Changpeng, the founder and former CEO of the world’s biggest cryptocurrency exchange, Binance, asked a federal judge to allow him to leave the United States and return to his home in the United Arab Emirates (UAE) ahead of his sentencing on money-laundering charges.
Mr. Zhao’s lawyers filed a motion on Nov. 24 in the Western District of Washington in Seattle, asking U.S. District Judge Richard Jones to deny the Justice Department’s (DOJ) request to bar him from leaving the country while awaiting sentencing.
Mr. Zhao pleaded guilty to money-laundering charges, and agreed to step down and pay a $150 million fine, while Binance itself faces $4.3 billion in fines to settle criminal charges and must make a “complete exit” from the United States….

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