![Pinterest](https://pinterest.com/pin/create/button/?url=https://bollspel.com/binance-founders-offer-to-use-equity-as-security-rejected-by-judge-prevented-from-travel-to-uae/&media=https://bollspel.com/wp-content/uploads/2024/01/18473-binance-founders-offer-to-use-equity-as-security-rejected-by-judge-prevented-from-travel-to-uae.jpeg&description="Get the latest on Binance's founder as his offer to use equity as security is rejected by a judge. Learn how this decision impacts his ability to travel to the UAE and the implications for the cryptocurrency exchange platform."){kind=link}
Founder of Binance, Zhao Changpeng, was denied a request to travel to the United Arab Emirates by a federal judge despite offering his Binance equity as security for his return. The equity was valued at $4.5 billion, and Zhao’s plea of guilt has kept him in the U.S. on a $175 million release bond. Although details of the medical procedure and the person’s name are redacted, Zhao’s request for travel was still denied, with the judge citing his significant flight risk due to his “enormous wealth” and lack of ties to the U.S. Zhao is set to be sentenced in February, with the outcome of the case eagerly awaited.
Binance Founder’s Offer to Use Equity as Security Rejected by Judge, Prevented from Travel to UAE
Subscribe Today
GET EXCLUSIVE FULL ACCESS TO PREMIUM CONTENT
SUPPORT NONPROFIT JOURNALISM
EXPERT ANALYSIS OF AND EMERGING TRENDS IN CHILD WELFARE AND JUVENILE JUSTICE
TOPICAL VIDEO WEBINARS
Get unlimited access to our EXCLUSIVE Content and our archive of subscriber stories.