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🔶️⭕️Binance’s ex-CEO begins prison sentence in California⭕️🔶️

Binance’s billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California. The crypto community has expressed admiration for CZ's decision to serve his sentence rather than risk Binance's stability

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The United States Attorney’s Office has requested that a federal judge approve additional travel restrictions for former Binance CEO Changpeng "CZ" Zhao.

In a Feb. 23 filing in U.S. District Court for the Western District of Washington, U.S. Attorney Tessa Gorman requested Magistrate Judge Brian Tsuchida approve a motion specifying the conditions for CZ to remain free on bail. Prosecutors asked Zhao to stay within the continental U.S. until his sentencing hearing on April 30 and give three days’ notice for any travel to allow the government to raise objections.

The U.S. Attorney’s Office asked that CZ surrender his Canadian passport and "all other current and expired passports and travel documents" to his legal team. Zhao also holds citizenship in the United Arab Emirates, where he had requested to travel to visit family ahead of his sentencing — a motion the judge denied.

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