CZ released on $175 million bail, could return to Dubai

Binance founder Chang Peng “CZ” Zhao job A $175 million bind with A condition he Back has THE WE. two weeks Before her conviction.

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Binance founder Chang Peng “CZ” Zhao will pay A $175 million release bind And accept has back has THE United States 14 days Before her Feb. 23, 2024 sentencing — maybe allowing him has back has Dubai.

In A Nov. 21 bind document deposit In A Seattle federal court, Zhao agreed has share with THE court Or he would be to reside And that A to guarantee could be issued For her Stop if he failed has to show up For her court date.

Failure has appear In court door A $250,000 GOOD And A maximum of ten years In prison.

Zhao job $15 million In A trust account separated Since her bind And agreed has forfeit he if he failed has join has her bind terms. He Also lists two guarantors has respectively job $250,000 And $100,000.

Terms of that of Zhao bind. Source: PACER

Zhao pleaded guilty has A breach of THE Bank Secret Act which door A 18 months sentence, but THE New York Times reported on Nov. 21 that prosecutors are open has slaps him with A longer sentence.

THE WE. East expected has goodbye that of Zhao bail order. If A judge deny goodbye of THE order, he will become effective on Nov. 27 has 5 p.m. Washington time. If THE judge subsidies A goodbye Before that date, Zhao must stay In THE WE. until A decision East done.

Related: Court unsealed indictments against Binance And C.Z., retailer expected guilty supplications

Zhao has has been base In Dubai For several years And while No extradition agreement exist between THE WE. And THE United Arab the Emirates, THE two countries do A bilateral