CZ’s personal bail is set at $175 million and he will be allowed to live in the UAE while awaiting sentencing.

BitMEX Research posted on the X platform that the court ruled that CZ will be allowed to live in the UAE while waiting for the verdict. CZ must return to the United States 14 days before sentencing. Additionally, WhaleWire reported that CZ was released on a personal bail of $175 million, one of the largest bails in history. Previously, Binance and its CEO CZ pleaded guilty to criminal charges of anti-money laundering and violating U.S. sanctions, including allowing transactions with terrorist groups such as Hamas, as part of a deal with the U.S. Department of Justice aimed at keeping the company safe. part of a comprehensive agreement to operate. Binance agreed to plead guilty and pay a fine of more than $4 billion. CZ agreed to resign and pay a $50 million fine as part of the settlement, which he pleaded guilty to in a Seattle courtroom on Tuesday. The agreement includes the participation of the U.S. Treasury Department and the Commodity Futures Trading Commission and ends a years-long investigation into the cryptocurrency exchange. The negotiated settlement will resolve all allegations of criminal misconduct. According to Bloomberg, CZ could have faced up to 10 years in prison, but under the plea agreement, he is not expected to be sentenced to more than 18 months in prison. The U.S. Department of Justice has not decided how long they will seek to sentence him.