Changpeng Zhao, the founder of Binance, is fighting against the government’s attempt to prevent his return to the UAE after pleading guilty to anti-money laundering charges.
In a legal brief, his defense emphasizes his voluntary appearance, lack of criminal history, and substantial bail conditions as reasons to deny the flight risk claim.
The defense asserts that Zhao’s citizenship and the absence of an extradition treaty don’t make him a risk.
Released on bail with a $175 million bond, Zhao, who resigned from Binance, has shown commitment to resolving the case rather than fleeing, according to his defense.
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