Binance founder and former CEO Changpeng Zhao must remain in the U.S. until he is sentenced next February, a federal judge ruled Thursday.
In April, Esteban Cabrera Da Corte pleaded guilty to participating in a crypto scheme that defrauded U.S. banks of $4 million.
U.S. argues that Binance's former CEO should remain free until sentencing – but only in the U.S.
Binance founder and former CEO Changpeng Zhao should be allowed to return to the UAE, where he is a citizen and lives, ahead of his February sentencing, his lawyers said, pushing back against a U.S. Department of Justice filing asking he not be allowed to leave the country.
Richard Teng takes over as CEO of the world's largest crypto exchange.
The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams.
Stablecoin issuer Tether has frozen $225 million worth of its stablecoin following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia.