CZ Shuns UAE Citizenship to Face US Charges: 'You Don't Dodge It'

Binance founder Changpeng Zhao (CZ) recently revealed why he chose to face US prosecutors during his AML violation case, despite holding UAE citizenship that could have kept him from their grasp.

Zhao explained that running from the case wasn't an option for him, as it didn't feel honorable to leverage his new UAE citizenship to avoid prosecution.

The former Binance CEO stated that resolving the case one way or the other was better for himself, Binance, BNB holders, and the wider crypto industry.

Zhao also commented on his sentence of four months in federal prison for violating the Bank Secrecy Act, saying it was more severe than he had expected and compared to former BitMEX executive Arthur Hayes' six-month home confinement for a similar offense.