Prosecutors are fervently advocating for former Binance head Changpeng “CZ” Zhao to remain in the United States, expressing apprehensions about his possible flight risk.
What Happened: In a filing to a Seattle federal court, prosecutors requested a revision and overrule of a judge’s ruling that would permit Zhao to return to his home in the United Arab Emirates (UAE) on a $ 175 million bond. The condition was that he would return to the US two weeks before his February 2024 sentencing.
In a proposed order, the prosecutors noted that Zhao poses “an unacceptable risk of flight and nonappearance” if he is allowed to leave the US before his sentencing. They further argued that if Zhao chose not to return, the government would not be able to secure his return.
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