Binance Founder Changpeng 'CZ' Zhao Isn't a Flight Risk, His Attorneys Say… The Department of Justice wants him to stay in the U.S. prior to sentencing. Binance founder Changpeng "CZ" Zhao, deemed a non-flight risk, seeks permission to return to the UAE amidst opposition from a U.S. Department of Justice filing. The document counters the argument, stating that Zhao's voluntary appearance in the U.S. for his guilty plea proves he is not a flight risk. Magistrate Judge Brian Tsuchida, overseeing the case, acknowledges the significance of Zhao's initial presence, supporting his defense. Considering pertinent details such as Mr. Zhao's voluntary surrender, commitment to resolving the case, and the substantial bail package proposed, Judge Tsuchida determined that Mr. Zhao poses no flight risk, even when residing in the UAE, as stated in the filing. Earlier this week, Binance, along with Zhao, entered a guilty plea, agreeing to a substantial $4.3 billion fine. The terms also involve appointing monitors for compliance oversight, reviewing past transactions, and accepting Zhao's resignation as CEO. Richard Teng, former Binance regional markets head, has assumed the role of CEO..