CZ is temporarily stranded in the United States, and a federal judge will decide whether he can return to the UAE before sentencing.

Binance founder CZ must remain in the United States for the time being as a federal judge considers a motion from the U.S. Department of Justice requiring him to remain in the country until he is sentenced early next year. After CZ pleaded guilty, a judge granted him bail on a $175 million personal credit bond. CZ deposited $15 million in a trust account and had three guarantors post more than $5 million in collateral to secure the bonds. Under his bail conditions, he is free to return to the UAE, where his wife and children also live. District Judge Richard Jones stayed that part of the ruling on Monday. However, attorneys for the U.S. Department of Justice moved to require CZ to remain in the United States, arguing that he could be a flight risk if he left the country, pointing out that he still has significant wealth and that there is no extradition treaty between the United States and the UAE. They did not ask that he be held pending sentencing on February 23, 2024. Judge Jones did not indicate during Monday's hearing whether he would schedule a hearing or when he might rule on the motion. (Coindesk)