{"id":25417,"date":"2023-11-22T01:37:56","date_gmt":"2023-11-22T01:37:56","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/cz-released-on-175m-bond-could-return-to-dubai\/"},"modified":"2023-11-22T01:37:58","modified_gmt":"2023-11-22T01:37:58","slug":"cz-released-on-175m-bond-could-return-to-dubai","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/cz-released-on-175m-bond-could-return-to-dubai\/","title":{"rendered":"CZ released on $175M bond, could return to Dubai"},"content":{"rendered":"<div data-v-8081b7b6=\"\">\n<p>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<p>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<p>Failure to appear in court carries a $250,000 fine and a maximum of 10 years in jail. <\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Conditons of Zhao&#8217;s bond. Source: PACER<\/em><\/figcaption><\/figure>\n<p>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<p>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<p><strong><em>Related: Court unseals indictments against Binance and CZ, detailing expected guilty pleas<\/em><\/strong><\/p>\n<p>Zhao has been based in Dubai for several years. Despite his presence there, Binance still has no official global headquarters.<\/p>\n<p>The bail agreement follows a $4.3 billion settlement between the cryptocurrency exchange and the U.S which saw Zhao depart as Binance&#8217;s CEO after pleading guilty to various Anti-Money Laundering violations.<\/p>\n<p><strong><em>Magazine: US enforcement agencies are turning up the heat on crypto-related crime<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"\/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. In a Nov. 21 bond document filed in a Seattle federal court, Zhao agreed to share with the court [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-25417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CZ released on $175M bond, could return to Dubai | NFT &amp; Crypto News<\/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:\/\/nftandcrypto-news.com\/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 | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"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. 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