CZ an ‘unacceptable risk of flight,’ should stay in US: DOJ

United States government prosecutors are trying to stop former Binance boss Changpeng “CZ” Zhao from leaving the country, expressing concern about his potential flight risk.

In a Nov. 22 filing to a Seattle federal court, U.S. prosecutors requested a review and overturn of a judge’s decision that would allow Zhao to return to his home in the United Arab Emirates (UAE) on a

Industry experts and observers have argued that Binance’s settlement with the Justice Department is a positive outcome for the crypto industry, further legitimizing it in the United States.

Additionally, crypto markets have already rebounded from the bad news regarding one of the industry’s most enigmatic and influential players.

The total market capitalization has already returned to pre-Binance news levels, hitting $1.48 trillion during the Thursday morning Asian trading session.

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