CZ's $4.5 Billion Binance Equity Pledge for U.S. Travel Denied by Judge

2025-09-05 07:23:41 Classification：Blockchain Query read(46831)

According to CNBC,gec virtual currency new court documents reveal that Binance founder CZ proposed to use $4.5 billion worth of Binance equity as collateral to return to the U.S. but was rejected by a judge.

In a letter to Judge Richard Jones dated December 22, CZ's lawyers stated that the valuation of CZ's shares was based on Binance's last funding round two years ago.

Earlier, a federal judge had rejected CZ's request to travel to the United Arab Emirates for important personal matters related to hospitalization and surgery in December 2023.

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