CZ's $4.5 Billion Binance Equity Pledge for U.S. Travel Denied by Judge
WikiBit 2024-01-25 10:40CZ's Proposal to Use $4.5 Billion in Binance Equity as Collateral for Round-Trip to the U.S. Rejected by Judge
According to CNBC, 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.
Disclaimer：
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
- Token conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
0.00