Changpeng Zhao, the former CEO of Binance, has been denied a second attempt to travel to the UAE by a federal judge. The ruling on December 29 by Judge Richard Jones in the U.S. District Court for the Western District of Washington in Seattle came ahead of Zhao's sentencing hearing. Zhao, who pleaded guilty to one felony count in a $4.3 billion agreement with U.S. authorities, is expected to be sentenced in February, potentially facing up to 18 months in prison. While the specific reasons for Zhao's travel request were sealed, it involved medical information regarding his child. Zhao will remain free on a $175 million bond but cannot leave the United States.
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