Changpeng Zhao will be released on $175 million bail pending sentencing

22.11.2023
22.11.2023

The judge ruled that Changpeng Zhao will be released on $175 million bail and will be able to visit his home in the UAE.

Zhao's sentencing is scheduled for February 23, 2024.

He faced up to 10 years in prison, but under the plea agreement he will serve no more than 18 months.

Lawyers suggest that prison could be replaced by house arrest.

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