Binance Founder Must Surrender Passport, Judge Orders

A federal judge further restricted the bond conditions of Binance founder Changpeng Zhao, saying he must notify the court of travel in the country and surrender his passport.

Zhao, often known as CZ, pleaded guilty in November to violating U.S. anti-money-laundering requirements and faces up to 18 months in prison. His sentencing is slated for April.

In an order filed late Monday, U.S. District Judge Richard A. Jones said that Zhao must notify the court’s Pretrial Services before traveling in the U.S. He remains unable to leave the U.S. ahead of sentencing.