The court of Montenegro has approved the extradition of the former Terraforms Labs CEO. The Minister of Justice has yet to decide which country will get him.
Zhao will have to remain in the United States until his sentencing due to a claimed high flight risk. And Do Kwon might soon be extradited from Montenegro and join CZ in the U.S.
Zhao will have to remain in the United States until his sentencing due to a claimed high flight risk. And Do Kwon might soon be extradited from Montenegro and join CZ in the U.S.
The court of Montenegro has approved the extradition of the former Terraforms Labs CEO. The Minister of Justice has yet to decide which country will get him.
The settlement might have been the best possible outcome for the exchange: no bank run, no more compliance issues, a fresh start. Meanwhile, the potential outcome for CZ is to be kept in the U.S. until his sentencing hearing.
As the Binance vs SEC hearing lumbers on, the parties struggle to agree on discovery requests and dispositions, and Circle was admitted as a 'friend of the court'.
Binance appears to be facing a management crisis as several executives from the legal and compliance units have resigned amid regulatory investigations.
In support of its emergency action to freeze Binance.US’s assets, the SEC filed additional details showing that the company had moved $70 billion through Silvergate and Signature banks from 2019 to 2023.
