Prosecutors Request Stricter Oversight of Binance's CZ Before Sentencing

Friday, 23 February 2024, 23:56

Prosecutors are seeking more stringent monitoring of Zhao, the ex-CEO of the leading cryptocurrency exchange, Binance, prior to his sentencing. This move follows a federal judge's ruling that restricted Zhao's travel outside the U.S. mainland. The request underscores the heightened scrutiny facing key figures in the cryptocurrency sector and reflects growing regulatory pressures.
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Prosecutors Request Stricter Oversight of Binance's CZ Before Sentencing

Prosecutors Seek Tighter Monitoring

Prosecutors have requested increased supervision over Zhao, the former head of Binance, as he awaits sentencing. This decision highlights the importance of regulatory control in the cryptocurrency industry.

Federal Judge's Ruling

A federal judge had already prohibited Zhao from leaving the continental U.S. before his sentencing, reflecting the severity of the legal situation.


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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