Binance’s Changpeng ‘CZ’ Zhao Is a Manageable Flight Risk: U.S. DOJ

The U.S. Department of Justice doesn’t want Changpeng ‘CZ’ Zhao locked up until sentencing, but it doesn’t want him to leave the United States, arguing in a new filing that he’s a “flight risk that could be managed.” “Based on all the relevant facts, including Mr Zhao’s voluntary self-surrender, his intent to resolve this case, and the sizable bail package he proposed, Judge Tsuchida found that Mr Zhao presents no risk of flight, even while residing in the UAE,” last week’s filing said. U.S. Attorneys pushed back on that, arguing that the potential severity of the sentence would give Zhao an incentive to flee back to the UAE,

which has no extradition treaty with the U.S. Last week, prosecutors said Zhao, as a citizen of the United Arab Emirates (UAE), had “minimal ties to the U.S.” and may not return should he be allowed to leave.

“The reality is that the top-end of the Guidelines range may be as high as 18 months, and the United States is free to argue for any sentence up to the statutory maximum of ten years,” the filing reads. “The penalties he faces at sentencing will no doubt seem significant to him, and that weighs in favour of the reasonable restrictions the United States proposes.”

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