Zhao, who pleaded guilty to one charge of violating the Bank Secrecy Act last month, is set to be scheduled in February 2024. He was released on a $175 million personal recognizance bond, putting up some cash in escrow and having guarantors put up around $5 million worth of assets as collateral. While Zhao’s bond originally allowed him to return to the UAE, where he, his children and his partner all live, prosecutors argued he was a flight risk and should not be permitted to leave the U.S.
Source: https://www.coindesk.com/policy/2023/12/08/binance-founder-changpeng-cz-zhao-stuck-in-us-until-sentencing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines