{"id":196134,"date":"2023-11-22T01:39:18","date_gmt":"2023-11-22T01:39:18","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196134"},"modified":"2023-11-22T01:39:18","modified_gmt":"2023-11-22T01:39:18","slug":"cz-released-on-175m-bond-could-return-to-dubai","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/cz-released-on-175m-bond-could-return-to-dubai\/","title":{"rendered":"CZ released on $175M bond, could return to Dubai"},"content":{"rendered":"

Binance founder Changpeng \u201cCZ\u201d Zhao will pay a $175 million release bond and agree to return to the United States 14 days before his Feb. 23, 2024 sentencing \u2014 possibly allowing him to return to Dubai. <\/p>\n

In a Nov. 21 bond document filed in a Seattle federal court, Zhao agreed to share with the court where he would reside and that a warrant could be issued for his arrest if he fails to show up for his court date.<\/p>\n

Failure to appear in court carries a $250,000 fine and a maximum of 10 years in jail. <\/p>\n

<\/p>\n

The U.S. is expected to review Zhao\u2019s bail order. If a judge denies review of the order, it will become effective on Nov. 27 at 5 pm Washington time. If the judge grants a review before that date, Zhao must stay in the U.S. until a decision is made.<\/p>\n

No extradition agreement exists between the U.S. and the United Arab Emirates. However, the two countries made a bilateral agreement to enhance law enforcement cooperation on Feb. 24.<\/p>\n

Related: Court unseals indictments against Binance and CZ, detailing expected guilty pleas<\/em><\/strong><\/p>\n

Zhao has been based in Dubai for several years. Despite his presence there, Binance still has no official global headquarters.<\/p>\n

The bail agreement follows a $4.3 billion settlement between the cryptocurrency exchange and the U.S which saw Zhao depart as Binance’s CEO after pleading guilty to various Anti-Money Laundering violations.<\/p>\n

Magazine: US enforcement agencies are turning up the heat on crypto-related crime<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Binance founder Changpeng \u201cCZ\u201d Zhao will pay a $175 million release bond and agree to…<\/p>\n","protected":false},"author":4,"featured_media":196133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCZ released on $175M bond, could return to Dubai - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/cz-released-on-175m-bond-could-return-to-dubai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CZ released on $175M bond, could return to Dubai - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Binance founder Changpeng \u201cCZ\u201d Zhao will pay a $175 million release bond and agree to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/cz-released-on-175m-bond-could-return-to-dubai\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T01:39:18+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/11\/CZ-released-on-175M-bond-could-return-to-Dubai.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/cz-released-on-175m-bond-could-return-to-dubai\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/cz-released-on-175m-bond-could-return-to-dubai\/\",\"name\":\"CZ released on $175M bond, could return to Dubai - 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