The US Department of Justice ( DOJ ) doesn't want Changpeng 'CZ' Zhao locked up until sentencing, but they also don't want him to leave the US, arguing in a new filing that he is a “risk.” can be managed”.
Last weekend, CZ 's lawyers argued that the fact that he — a non-U.S. citizen holding UAE and Canadian passports — voluntarily entered the United States to appear in court showed that he was not a criminal. risk of escape.
“Based on all relevant circumstances, including Mr. Zhao's voluntary surrender, his intention to settle this case, and the sizable bail package he proposed, Judge Tsuchida finds that Mr. Zhao does not have risk of fleeing, even when residing in the UAE.”
But US lawyers have rejected that, arguing that the potential severity of the sentence would provide an incentive for Zhao to flee back to the UAE, which does not have an extradition treaty with the United States.
Last week, prosecutors said Zhao, as a citizen of the United Arab Emirates, objected to it. (UAE), has “minimal ties to the United States” and may not return if he is allowed to leave.
“The reality is that the top sentence of the Guideline range is up to 18 months, and the United States is free to argue for any sentence up to the statutory maximum of 10 years.
The penalties that CZ faces at sentencing will certainly appear important to him, and that favors the reasonable restrictions proposed by the United States.”
On Tuesday, Zhao pleaded guilty to violating anti-money laundering laws in the United States and resigned as CEO of Binance.
Meanwhile, the exchange pleaded guilty to multiple criminal and civil charges and agreed to pay a $4.3 billion fine, one of the largest corporate fines in the history of the US Department of Justice. .
Former exchange executive Sam Bankman-Fried, who is also awaiting sentencing, remains in custody.
General Bitcoin News.
