The lawyer of former CEO of Binance, Zhao Changpeng (CZ), has filed a motion to allow Zhao to return to the United Arab Emirates to counter the motion by the US Department of Justice to review his current bail conditions.

On November 24th, former head of the SEC's Internet Enforcement Office, John Reed Stark, posted on social media that according to court documents, Binance founder CZ claimed that he should be allowed to return to the UAE before the judgment, and CZ plans to fight for "no imprisonment time" (or choose a few months of imprisonment plus a few months of house arrest).

As shown on the X (formerly Twitter) page, the account of Binance founder CZ has now been restored to normal. CZ has changed the name of the X account from the previous CZ Binance to the current CZ BNB, and the blue V certification mark has disappeared. The previous "warning: this account is temporarily restricted" may have been caused by the name change.

Former CEO of Binance, CZ, posted on social media saying, "Thank you for the community's concern and words, although I cannot respond or even see everyone, I am truly grateful." CZ also said, "Although I often joke about wanting to retire early, the transformation has finally arrived and I am trying to adapt to this change. In the past two days, some friends have informed me that there will be a "resilient mindset" phase. Although I am not sure if this is true, as always, my mental state is very stable and I am currently "enjoying" all the free time I suddenly have."

More than $1 billion of funds had flowed out of the exchange since Nansen disclosed that he had resigned as CEO of Binance. However, according to the latest data from Coinglass, the balance of Bitcoin wallets on Binance exchange has not fluctuated significantly. In the past 24 hours, the balance of Bitcoin wallets on Binance exchange has only decreased by 1,117.04 BTC, and the current wallet balance is 515,434.78 BTC, which is still the largest among cryptocurrency exchanges.

Data firm Nansen has reported that investors withdrew approximately $956 million from Binance within the past 24 hours, following the resignation of the exchange's chief, Changpeng Zhao, who pleaded guilty to violating US anti-money laundering laws. Binance has agreed to pay $4.3 billion to US authorities to settle a long-standing illicit finance investigation, which has raised concerns about the future of the world's largest crypto exchange. While Zhao has been replaced by Richard Teng, a senior Binance executive, the news has still unsettled some customers of the exchange, although the outflows are relatively small compared to the platform's total holdings.

Andrei Grachev, co-founder of DWF Labs, wrote on X platform that CZ has played a crucial role in the entire cryptocurrency industry. He has established the largest market, chain, ecosystem, and millions of cryptocurrency users. However, we need to learn and move forward on how to play the game. Starting is ending, and ending is starting.

CZ previously stated in an interview that there will no longer be centralized exchanges in 30 years, everything will be decentralized, all applications will run on the blockchain, and each user will be able to ensure the safety of their holdings.

On November 22nd, CZ released an internal letter stating:

Binance founder Changpeng “CZ” Zhao posted a $175 million bond with a condition he returns to the U.S. two weeks before his sentencing.