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The former CEO of Binance, Changpeng “CZ” Zhao, is facing pushback from the US government regarding his bail conditions. The Department of Justice (DOJ) has expressed concerns about CZ being allowed to return to the UAE, as they fear he may not answer for his crimes if he fails to appear. The prosecutors are requesting that CZ stay in the United States until his sentencing to manage the flight risk he poses. CZ’s lawyers argue that he does not pose a flight risk and has no motivation to escape, considering the light sentence he is facing.Previously, it was speculated that CZ would receive a sentence of up to 18 months in prison, but the prosecutors have now indicated that they could argue for a longer sentence of up to 10 years. They believe that the possibility of a heavier sentence could weigh on CZ’s mind and justify the restriction on his travel. Former SEC Attorney John Reed Stark supports the DOJ’s position and believes that CZ should be prohibited from traveling to the UAE. CZ’s sentencing is scheduled for February 23, 2024.Overall, CZ’s plea deal and cooperation with the government have not guaranteed a lenient sentence, and he could potentially face a long term in prison. The outcome of this case will have significant implications for the former CEO and the future of Binance.

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