| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Changpeng Zhao, Binance CEO, is requested by U.S. prosecutors to remain in the country until his February 2024 sentencing.
- Prosecutors cite Zhao’s wealth and international ties as reasons for the flight risk concern.
- “Taking responsibility for my actions,” Zhao steps down as Binance CEO following the DOJ settlement.
In a recent development, U.S. prosecutors have filed a court request for Binance CEO Changpeng Zhao to stay in the U.S. until his sentencing, highlighting concerns about his potential flight risk.
Prosecutors’ Concerns Over Zhao’s Flight Risk
U.S. prosecutors have expressed concerns about Binance CEO Changpeng ‘CZ’ Zhao’s potential flight risk. In a court filing, they have requested that Zhao, who faces sentencing on February 23, 2024, not be permitted to leave the United States. This request stems from Zhao’s status as a non-U.S. but UAE citizen with considerable wealth and minimal ties to the U.S., along with his residence in a country that does not have an extradition treaty with the U.S.
Zhao’s Release on Bond and Current Restrictions
Following his guilty plea, Zhao was taken into custody but was later released on a $175 million bond. Despite his release, the DOJ has insisted on Zhao staying in the Seattle area until his sentencing, with a temporary allowance for him to return to the UAE.
Zhao’s Settlement with the DOJ and Resignation as Binance CEO
As part of a settlement with the Department of Justice, Zhao pleaded guilty to violating the Bank Secrecy Act and agreed to step down as Binance’s CEO. This move is part of a broader settlement that includes Binance paying $4.3 billion in penalties for anti-money laundering and sanctions violations and ceasing operations in the U.S. market.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Binance’s Future Operations and Leadership Changes
Following Zhao’s departure, Binance will continue its operations outside the U.S., with Richard Teng, previously the exchange’s Global Head of Regional Markets, stepping in as the new CEO. This leadership change marks a significant shift in the exchange’s strategy and governance in the wake of the legal settlement.
Conclusion
The request by U.S. prosecutors for Changpeng Zhao to remain in the country until his sentencing underscores the gravity of the legal issues faced by the former Binance CEO. As the crypto exchange navigates this challenging period, the industry watches closely how these developments will influence its future operations and leadership.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
