Former Binance CEO Changpeng “CZ” Zhao is facing concerns from US prosecutors regarding his potential flight risk. He is currently on a $175 million release bond, which allows him to return to the United Arab Emirates (UAE) under the condition that he comes back to the US fourteen days before his sentencing in February 2024. However, prosecutors have requested a review of the bond and the judge’s decision to allow CZ to return to the UAE. They argue that CZ poses a substantial risk of flight and nonappearance if he is allowed to leave the US. The prosecutors also highlight CZ’s ties to the UAE and the lack of an extradition treaty between the UAE and the US as reasons to prevent him from leaving the country. In a surprising move, CZ has stepped down as CEO of Binance following the revelation that the company is facing a $4.3 billion fine and criminal charges from the US government. The charges relate to allegations of Binance’s involvement in violating anti-money laundering laws and sanctions.