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Former Binance CEO CZ may need $175 million in Margin for bail, promising to stay in the U.S. awaiting judgment.
[Chain News] At the Supreme Court hearing, former Binance CEO CZ told the judge that he plans to stay in the United States until the verdict is released. CZ is currently facing charges of violating U.S. AML laws. A bankruptcy law expert stated that CZ is unlikely to leave the United States.
When asked if he would "give up his passport," CZ expressed his willingness to do so.
The judge stated that CZ may be granted bail, but needs to provide a $175 million bond and comply with strict travel restrictions.
The final judgment will be announced on February 23.