U.S. Court & CZ Binance: An Overview of Today's Hearing

#cz_binance & U.S. Court & CZ Binance: An Overview of Today's Hearing

CZ's Statement:
"Your Honor, I would like to address the court briefly. My intention is to resolve this matter fully and accept responsibility, thereby closing this chapter of my life. My perspective is straightforward: I have no prior criminal history, nor have I ever been involved in legal proceedings before. This entire experience is unfamiliar to me. Frankly, I felt apprehensive before arriving here, as entering a foreign legal system is daunting. However, I found the proceedings—and Your Honor’s detailed explanations—reassuring.

Regarding my UAE citizenship, I accepted it as an honor and have no intention of exploiting it for preferential treatment. I aim to address this situation directly and personally. My presence here today underscores my commitment to resolving this issue. I would not have returned if I did not intend to see this through."

Court's Response:
"The primary consideration before the court is your residency during these proceedings. This decision is nuanced, but I am inclined to permit you to remain in the UAE. While every individual released by this court carries some risk of flight—including defendants facing far lengthier sentences—your actions mitigate such concerns. You voluntarily appeared here despite no legal obligation to do so, and your stated intent is to resolve this case, not evade it.

Therefore, you are permitted to reside in the UAE at a fixed address, which you must maintain and disclose to your legal counsel. Any changes to your residence must be communicated promptly to your lawyers. This arrangement is practical, and the pretrial office may adjust these conditions if necessary."

#hodl #cz_binance #BinanceTournament