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US court orders Binance founder to surrender all passports amid money laundering charges
Binance founder Changpeng Zhao faces tightened bond conditions as United States federal judge orders him to surrender his passport and report domestic travel.
The presiding...
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World News
US court orders Binance founder to surrender all passports amid money laundering charges
Binance founder Changpeng Zhao faces tightened bond conditions as United States federal judge orders him to surrender his passport and report domestic travel.
The presiding judge, Justice Richard A. Jones mandated that Zhao notify the court’s Pretrial Services before traveling to the U.S. and prohibited him from leaving the country before sentencing.
Furthermore, Zhao must relinquish his Canadian passport to a designated third-party custodian appointed by his legal team for any travel requiring identification.
All current and expired passports must be surrendered to his lawyers, with new passport acquisition subject to court approval.
In June 2023, the SEC sued Binance and Zhao for deception and unregistered operations. The SEC urged the court to consider admissions from a DOJ settlement.
In...
World News
US court orders Binance founder to surrender all passports amid money laundering charges
Binance founder Changpeng Zhao faces tightened bond conditions as United States federal judge orders him to surrender his passport and report domestic travel.
The presiding judge, Justice Richard A. Jones mandated that Zhao notify the court’s Pretrial Services before traveling to the U.S. and prohibited him from leaving the country before sentencing.
Furthermore, Zhao must relinquish his Canadian passport to a designated third-party custodian appointed by his legal team for any travel requiring identification.
All current and expired passports must be surrendered to his lawyers, with new passport acquisition subject to court approval.
In June 2023, the SEC sued Binance and Zhao for deception and unregistered operations. The SEC urged the court to consider admissions from a DOJ settlement.
In...