Disgraced Ex-Binance CEO Barred From Leaving U.S. Before Sentencing

A U.S. district court judge barred Ex-Binance CEO Changpeng Zhao from leaving the continental United States as he awaits sentencing after he pled guilty last month to violating the Bank Secrecy Act, among other crimes.

Zhao’s family ties to the United Arab Emirates and the vast wealth he enjoys within its borders—not to mention the lack of an extradition treaty with the U.S.—prompted United States District Judge Richard Jones to side with U.S. prosecutors asking that Zhao be disallowed from leaving the country.

“The absence of an extradition treaty, the defendant’s extraordinary financial capabilities, the unusual circumstance that the defendant appears to have favored citizen status by the fact the UAE granted him citizenship complicate the willingness of this Court to have complete confidence that he will return to the United States for sentencing,” Jones said in a Thursday ruling.

Read more at The Daily Beast.