prevent him from returning to his residence in Dubai.
Zhao is currently on a $175 million bond, primarily consisting of assets beyond the government’s reach, as per Judge Jones.
The bond conditions permit Zhao to travel freely within the U.S. and allow visits from his family, which the judge characterized as minor restrictions on his freedom.
The legal troubles for Binance and Zhao began in November when they reached a settlement with U.S. regulators, agreeing to pay $4.3 billion.
The settlement involved admitting to running an unlicensed money-transmitting business and violating the Bank Secrecy Act, and it also led to Zhao stepping down from his role as CEO of Binance.#JTO
