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SEATTLE – In a recent ruling, Seattle District Court Judge Richard A. Jones denied a second request for international travel from Changpeng Zhao, the former CEO of Binance Holdings Ltd, according to a Bloomberg report. The travel plans of Mr Zhao, who is awaiting sentencing for banking offences, have come under scrutiny due to concerns over a potential flight risk.
Mr. Zhao remains subject to the strict financial conditions set by his $175 million bond. Details of Zhao’s requested trip have not been released to the public because the records have been sealed. This decision underlines the Court’s cautious approach in cases with significant financial and legal implications.
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