U.S. District Judge Richard A. Jones has updated the bond conditions for Changpeng Zhao, the founder of cryptocurrency exchange Binance, also known by his initials CZ. Following his November guilty plea for violating U.S. anti-money laundering laws, Zhao now faces up to 18 months in prison, with sentencing set for April.

Judge Jones’ recent order specifies that Zhao must inform the court’s Pretrial Services of any travel within the United States and is restricted from leaving the country prior to his sentencing. Additionally, Zhao is required to surrender his Canadian passport to a third-party custodian, a role assigned to an individual employed by his legal team. This custodian will also need to accompany Zhao on any travels necessitating identification.

Zhao must hand over all current or expired passports to his lawyers and is barred from obtaining new passports or travel documents without court approval. These measures have been put in place to ensure Zhao remains within the legal jurisdiction of the United States, considering the absence of an extradition treaty with the United Arab Emirates, where Zhao wanted to return, and where his family primarily resides.

This case follows actions taken by multiple U.S. government agencies against Binance and Zhao. In response to these developments, Zhao agreed to a plea deal with the Department of Justice and resigned as CEO of Binance. As part of the settlement, Binance is also expected to pay a substantial fine. The updated bond conditions reflect ongoing efforts to ensure Zhao’s compliance with U.S. legal proceedings as the sentencing date approaches.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed