#Breaking: Federal prosecutors argued that @Binance founder #ChangpengZhao (CZ) cannot be allowed to return to the #UAE

Federal prosecutors argued that Binance founder Changpeng Zhao (CZ) cannot be allowed to return to the UAE, where he is a citizen,

because of the risk he may not come back to the U.S. to face sentencing on Wednesday.

Zhao pleaded guilty and resigned from the crypto exchange he founded on Tuesday, alongside Binance pleading guilty to multiple criminal and civil charges tied to its allowing

U.S. users and users from sanctioned regions to use the platform without adequate know-your-customer and anti-money laundering programs.

Binance agreed to pay $4.3 billion in penalties, among the largest corporate fines in the history of the U.S. Department of Justice.

Source: X