TechFlow news, according to CNBC, last month a federal judge denied travel permission for Binance founder CZ, who had sought to return to his home in the United Arab Emirates to deal with family members' "hospitalization and surgery." A new criminal court filing reveals that Zhao once offered his $4.5 billion stake in Binance as collateral for returning to the U.S.
In addition, Zhao's lawyers wrote in a letter to Judge Richard Jones on December 22 that the valuation of his shares was based on Binance's last funding round two years ago.
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