Prosecutors Advocate Stricter Oversight for Binance's CZ Prior to Sentencing

Friday, 23 February 2024, 23:56

Prosecutors are pushing for enhanced supervision of Zhao, the ex-leader of the top crypto exchange, amid concerns about his movements prior to sentencing. A federal judge had earlier restricted Zhao from departing the U.S. mainland until his sentencing - a move indicating the severity of the concern about his activities.
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Prosecutors Advocate Stricter Oversight for Binance's CZ Prior to Sentencing

Federal Judge's Decision

A federal judge has ruled out any international travel for Zhao, the former head of the world's leading cryptocurrency exchange - Binance, until the conclusion of his sentencing.

Criminal Charges

Prosecutors are pressing for tighter leash on Zhao, focusing on ensuring he remains within the U.S. territory amidst looming sentencing.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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