{"id":11538,"date":"2024-03-13T09:59:22","date_gmt":"2024-03-13T07:59:22","guid":{"rendered":"https:\/\/forklog.com\/en\/court-orders-former-binance-ceo-to-surrender-passport-before-sentencing\/"},"modified":"2024-03-13T09:59:22","modified_gmt":"2024-03-13T07:59:22","slug":"court-orders-former-binance-ceo-to-surrender-passport-before-sentencing","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/court-orders-former-binance-ceo-to-surrender-passport-before-sentencing\/","title":{"rendered":"Court Orders Former Binance CEO to Surrender Passport Before Sentencing"},"content":{"rendered":"<p>Former Binance CEO Changpeng Zhao (CZ) has received a <a href=\"https:\/\/www.courtlistener.com\/docket\/68026006\/71\/united-states-v-zhao\/\">notice<\/a> altering his bail conditions, requiring him to surrender his passport to authorities.<\/p>\n<p>The ex-CEO posted a $175 million bail to remain free until sentencing. However, prosecutors demanded a travel ban from the US, fearing he might flee.<\/p>\n<p>The defendant must now hand over his Canadian passport and other travel documents to a designated custodian, who will accompany Zhao on all trips.<\/p>\n<p>He is also prohibited from obtaining new documents without court approval.<\/p>\n<p>Earlier, the court <a href=\"https:\/\/forklog.com\/en\/news\/sentencing-of-binance-founder-postponed-to-april\">postponed<\/a> Zhao&#8217;s sentencing on money laundering charges to April 30, without providing a reason for the delay.<\/p>\n<p>Federal guidelines suggest a maximum sentence of 18 months in prison for Zhao&#8217;s case, the publication noted. Prosecutors have expressed intentions to seek a harsher sentence, with discussions of up to 10 years.<\/p>\n<p>Previously, Zhao&#8217;s lawyers attempted to contest the travel ban, but the court sided with law enforcement.<\/p>\n<p>In December, the court <a href=\"https:\/\/forklog.com\/en\/news\/court-denies-binances-cz-4-5-billion-bail-request-for-uae-departure\">denied<\/a> the entrepreneur&#8217;s request to return home to the UAE, despite a proposed $4.5 billion bail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Binance CEO Changpeng Zhao (CZ) has received a notice altering his bail conditions, requiring him to surrender his passport to authorities. The ex-CEO posted a $175 million bail to remain free until sentencing. However, prosecutors demanded a travel ban from the US, fearing he might flee. The defendant must now hand over his Canadian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,935,1162],"class_list":["post-11538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao","tag-court-cases"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11538"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11537"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}