UAE - Binance Founder Zhao Defies US Government's Flight Risk Accusations | Benzinga
Former CEO of crypto exchange Binance (CRYPTO: BNB) Changpeng Zhao is contesting the U.S. government's attempt to modify his bail terms.
In a fresh legal document, he challenged the notion that he poses a flight risk, despite holding citizenship in two other countries, including the United Arab Emirates (UAE).
Prosecutors recently argued that Zhao, who admitted guilt to charges related to inadequate anti-money laundering measures at Binance, presents a significant risk of fleeing and should be restricted from leaving the U.S.
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