₦airaland Forum

A United States (US) district court has ordered Changpeng Zhao, the founder and former CEO of Binance, to surrender all his passports (active or expired) to a third party and keep authorities updated on his travel plans.
The order was contained in a legal filing tendered on Tuesday, modifying Zhao’s bond conditions for release.

This development comes after the US applied to modify its bond requirements on March 5.

Bond conditions are court-enforced demands that a defendant on pretrial release must follow until his case is resolved under law.

As part of the bond, Richard Jones, a US district judge, ordered Zhao to remain in the US and notify court authorities of any travel arrangements.

“Defendant must remain in the continental United States through the imposition of sentence,” the judge said.

“Defendant must notify Pretrial Services before any travel within the continental United States.

“Defendant must surrender his current Canadian passport to a third-party custodian employed and supervised by his counsel of record. The third-party custodian must retain control over that Canadian passport and must accompany the Defendant on any travel that requires identification documents.

“Defendant must surrender all other current and expired passports and travel documents to his counsel of record, who may return those documents to the defendant only with authorisation from Pretrial Services or the Court. The defendant may not apply for or obtain a new passport or travel document from any country without the Court’s permission.”

In November 2023, the US SEC accused Zhao of money laundering, unlicensed money transmitting, and violations in Seattle.

Binance was also accused of facilitating the trading of several crypto tokens the SEC deemed as securities.

On November 1, 2023, Zhao pleaded guilty to the charges, with Binance also agreeing to pay more than $4 billion in fines and other penalties.

Zhao, who stepped down as Binance’s CEO in November last year, is scheduled to be sentenced on April 30, 2024.

In response to the bond modification, the crypto expert had argued that the restrictions were unnecessary as his travel “has not been an issue to date.”

The Nation had reported that the federal government slammed a $10 billion fine on Binance, over allegations of influencing the country’s forex crisis, it also arrested two Binance senior executives.

The Cryptocurrency trading platform also delisted Naira (NGN) from its platform on Friday, March 8, amid the ongoing regulatory conflict in the country.

Source: https://thenationonlineng.net/us-court-orders-ex-binance-ceo-changpeng-zhao-to-surrender-all-passports/

Crypto is just another elaborate pyramid scheme and a scam. What stupid coins are you buying or trading, what gave it a value?

Before you argue,remember MMM

Expected

United States Of America we know, not the clowns of Africa who are blessed with rouge leaders and dumb citizens. Even with the fines and persecution of the ex Binance ceo his company is still standing strong today.

No matter how much they try they can bring down the future and that’s cryptocurrency.

This guy eye don see shege

Before he flees to China

Legit scam

I still feel there's sumtin this crypto tin is not telling the world.
I feel forex trading is always involved in scams.

Crypto

Seems Nigeria took the right decision anyway.

I knew the arrests in Nigeria was more of money laundering and weapon proliferation than dollars rate stabilisation.

Na so e suppose be

This Binance CEO and high ranking officials should be ranked as 2024 most unfortunate people

Yesterday was TikTok today is Binance hmm

This guy don suffer no be small. God abeg o. Nothing should happen to binance o

E don cast patapata now 🤷

usecondom:
This guy eye don see shege

He was quick to donate 4 billion dollars to Ukraine to please the west and anger Russia, it seems that has not worked.

HugeElephant:
Crypto is just another elaborate pyramid scheme and a scam. What stupid coins are you buying or trading, what gave it a value?

Before you argue,remember MMM

Consider it like stocks. Lol

Crypto users are fraudsters.

FREEMADNESS:
I still feel there's sumtin this crypto tin is not telling the world.
I feel forex trading is always involved in scams.

They are both prone to manipulation and are largely creations of smart alecs in the western world.

Premium tears may likely be the end thereof.

FREEMADNESS:
I still feel there's sumtin this crypto tin is not telling the world.
I feel forex trading is always involved in scams.

Everything about it is secret.

USA again if USA never control anything earning billions, they will not rest. They said tiktok should sell off it's USA business to them. Same thing they want this man to do but codedly. B4 d current rise of Bitcoin, 4 Bitcoin billionaire were killed in different parts of the world.

All this na wash.. Crypto has come to stay.. No one can stop crypto..If Us like,make dem destroy binance,Another solid platform will take its place..

I REPEAT. NOTHING CAN STOP CRYPTOCURRENCY.

You'll pull through CZ, I stand with you Gee👌👌👌👌💪💪💪

Crypto has a major role in insecurity in Africa. Terrorists use them to buy ammunition and move money!

HugeElephant:
Crypto is just another elaborate pyramid scheme and a scam. What stupid coins are you buying or trading, what gave it a value?

Before you argue,remember MMM

Equating crypto with MMM has shown your level of reasoning and understanding.
Your are just a normie.
US ETFs hold over 14 billion USD in crypto, not to talk of normal US citizens.

Chicagograduate:
Crypto users are fraudsters.

Brain-dead assertion.

HugeElephant:
Crypto is just another elaborate pyramid scheme and a scam. What stupid coins are you buying or trading, what gave it a value?

Before you argue,remember MMM

you are empty and poor . You shall transmit poverty to your next generation.

superlanny:
United States Of America we know, not the clowns of Africa who are blessed with rouge leaders and dumb citizens. Even with the fines and persecution of the ex Binance ceo his company is still standing strong today.

No matter how much they try they can bring down the future and that’s cryptocurrency.

Bitcoin is bubble that will eventually burst...

But Cryptocurrency is here to stay as the native currency of the internet

HugeElephant:
Crypto is just another elaborate pyramid scheme and a scam. What stupid coins are you buying or trading, what gave it a value?

Before you argue,remember MMM

Just shut up and stop displaying your ignorance on the internet...for example..do you know how many online and offline stores worldwide that accepts bitcoin as one of their payment methods ?? E.g amazon , ebay , apple etc..??