Binance Founder CZ Requests Court to Seal Travel Permission
In the ongoing legal battle between Binance founder Changpeng ‘CZ’ Zhao and the U.S. Department of Justice (DOJ), CZ has requested a federal court to grant an order related to travel permission. This comes after CZ was previously ordered to remain in the continental United States until his sentencing in February 2024.
Attorney for CZ Submits Motion to Seal Travel Permission Request
CZ’s attorney has submitted a motion to seal the request for travel permission, stating that it contains sensitive private medical information about his child. The attorney also seeks to seal the proposed order related to the motion.
Previously, Judge Richard Jones accepted CZ’s motion to seal documents opposing the government’s motion for review of the magistrate judge’s ruling on CZ’s travel restrictions. The DOJ prosecutors are concerned about a flight risk if CZ travels to a country without an extradition treaty with the U.S.
CZ’s Wealth Grows Despite Legal Troubles
Despite facing legal charges and stepping down as CEO of Binance, CZ’s wealth has increased by $25 billion in 2023, highlighting the resilience of the crypto exchange.
Hot Take: CZ Fights for Travel Permission Amidst Legal Battle
In his ongoing legal battle with the U.S. DOJ, Binance founder CZ is fighting for travel permission while awaiting sentencing. The request to seal sensitive information about his child’s medical condition shows his determination to protect his family’s privacy. Meanwhile, CZ’s wealth continues to grow, demonstrating the strength of Binance despite the challenges faced by its founder.
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