Changpeng Zhao wanted to bail out his stake in Binance to be able to return home to the UAE

Home / Changpeng Zhao wanted to bail out his stake in Binance to be able to return home to the UAE

Last month, a court denied Binance founder Changpeng Zhao’s request to travel to the UAE.
In return, Zhao offered to place his $4.5 billion in Binance shares as collateral for his return to the United States.

The valuation of his shares was based on Binance’s last funding round, which was two years ago.

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