Binance founder Changpeng “CZ” Zhao, a billionaire in the world of cryptocurrencies, has found himself ensnared in legal complexities that keep him in limbo in the United States.
The latest ruling by U.S. District Judge Richard Jones has mandated that CZ remains within U.S. borders until further notice. The ruling overturned a prior decision that would have allowed him to return to the UAE.
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Changpeng ‘CZ’ Zhao settlements and fines
In November, the United States Justice Department (DOJ) investigation into Binance was finalized. And the Binance exchange paid a $4.3 billion settlement. As part of the deal, CZ was required to personally pay $50 million to U.S. authorities. He was also forced to step down from the company he founded.
The 46-year-old international businessman has been working since he was a teenager. But he complied with the US demand that he walks away from Binance.
