Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department's request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements.

Nov 24 (Reuters) - Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department’s request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements.

  • Melody Fwygon@lemmy.oneEnglish
    22·
    1 year ago

    Yeah there’s no reason why they should let him.

    The UAE will shield him from extradition if he is allowed to return home because he is rich.

    He is the very definition of “Flight Risk” because he has:

    • Means - UAE will support him if he seeks asylum and/or legal aid. Binance is not based in the USA; so it cannot be dissolved by a US court finding. It will likely not fire him because of these charges, due to the nature of cryptocurrency.

    • Motive - The USA will not be able to quickly extradite him if he flees, and fleeing is in his interest to avoid being charged or jailed and ensure he keeps his job.

    • Money - He still has lots of money. Unlike SBF; he wasn’t suddenly bankrupted by Binance failing. Binance still exists and will continue to do so Without the USA allowing it to do business in it’s borders!