A U.S. district courtroom decide ordered former Binance CEO Changpeng Zhao at hand over his passports and journey paperwork as he awaits his sentencing in April.
In November, Zhao pleaded responsible to violating anti-money laundering legal guidelines and stepped down from his position as chief government of the world’s largest crypto alternate.
Zhao has been free on a $175 million bond, however US prosecutors filed a movement final month proposing new circumstances.
In a brand new order modifying the bond, Choose Richard Jones says Zhao has to give up his Canadian passport to a third-party custodian employed and supervised by his counsel of report.
“The third-party custodian should retain management over that Canadian passport and should accompany Defendant on any journey that requires identification paperwork.”
Zhao additionally has to submit all his present and expired passports and journey paperwork to his counsel of report, who could solely return the paperwork when approved by the pretrial companies or the courtroom.
“Defendant could not apply for or get hold of a brand new passport or journey doc from any nation with out the Court docket’s permission.”
In a courtroom submitting submitted in November, prosecutors cite the the reason why they think about Zhao a flight threat.
“As a non-US however UAE (United Arab Emirates) citizen with substantial wealth outdoors the US, minimal ties to the US, and a residence in a rustic with out an extradition treaty with the US, Zhao poses a critical threat of flight and [it is] requested that he be required to stay within the continental United States pending sentencing.”
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