BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Binance Co-Founder Ordered to Relinquish Passport Ahead of Sentencing

by Sham
March 13, 2024
in CRYPTO, POLITICS
Reading Time: 3 mins read
A A
1
SHARES
18
VIEWS
Share on XShare in TelegramShare on Reddit
  • New bond conditions restrict Zhao’s movement, requiring him to stay in the US, inform the court before domestic trips, surrender passports to legal team.
  • Class-action lawsuit revived against Binance and Zhao in the US, alleging unregistered securities sales to US investors. Appellate court overturned lower court’s dismissal.
  • Binance and Zhao face ongoing legal troubles, including allegations of market manipulation in Nigeria, with executives detained and possible multi-billion dollar fines. Regulators increasingly target Binance and Zhao across jurisdictions.

Changpeng Zhao, former CEO of Binance, faces escalating legal troubles in the United States. New travel limitations and a revived lawsuit intensify scrutiny of the controversial crypto mogul.

JUST IN: Binance co-founder @cz_binance is required by US authorities to surrender his Canadian passport before sentencing

— BlockNews.com (@blocknewsdotcom) March 13, 2024

New Bond Conditions Restrict Zhao’s Movement

On March 11th, Judge Richard A. Jones ordered modifications to Zhao’s bond terms. The new conditions require Zhao to remain in the U.S. and inform the Court before domestic trips. Additionally, Zhao must surrender his Canadian passport and any other passports to his legal team. These measures address worries that Zhao may attempt to flee the country.

Class-Action Lawsuit Revived Against Binance and Zhao

The U.S. Court of Appeals for the Second Circuit recently overturned a lower court’s dismissal of a class-action lawsuit against Binance. The suit alleges Binance sold unregistered securities to U.S. investors.

The appellate court found the plaintiff’s case timely and applicable securities laws potentially relevant. This revives legal proceedings against Zhao, Binance, and other company executives.

Ongoing Legal Troubles

The revived lawsuit and travel limitations represent only a portion of Binance and Zhao’s legal troubles. The company faces allegations of market manipulation in Nigeria, with executives detained and multi-billion dollar fines possible.

Across jurisdictions like the U.S. and Nigeria, regulators increasingly target Binance and Zhao for perceived compliance failures. The former CEO’s sentencing in April will likely not mark the end of scrutiny for Binance or its founder.

Conclusion

Intensifying legal pressure on Changpeng Zhao shows no signs of abating. As the Binance saga continues, the former CEO faces new travel restrictions and a revived lawsuit in the U.S. With sentencing ahead in April, Zhao and Binance remain firmly in the crosshairs of global regulators.

Tags: BinanceChangpeng Zhaocryptocrypto mogulRichard A. Jones
TweetShareShare
Previous Post

U.S. House Approves Bill Forcing TikTok Owner ByteDance to Sell the Platform

Next Post

Ronin RON Leads Crypto Gaming as it Creates New All Time Highs

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.