Changpeng Zhao to Remain in the USA, Court Modifies Bail Bond and Requires Third Party Custodian for Passport

Changpeng Zhao, the former CEO of Binance, will remain in the United States until his sentencing, according to a court filing. Despite appeals from his legal team, the US District Court for the Western District of Washington at Seattle has refused to allow him to return to the United Arab Emirates, where he claims to have family ties. As part of his bail conditions, Zhao is required to submit his Canadian passport to a third-party custodian and is not permitted to apply for a new passport until after his sentencing. The custodian must accompany him on any travel requiring identification documents and is not authorized to release the passport to Zhao without permission from the court or Pretrial Services.