3 ms·

I presume he is not based or living in the US ???

JumpCrisscross 3y ago
> presume he is not based or living in the US Zhao “unlawfully solicited U.S. investors to buy, sell, and trade crypto asset securities through unregistered trading platforms” while “raising approximately $200 million from private investors” and “direct[ing] Binance to assist certain high-value U.S. customers in circumventing…controls and to do so surreptitiously” [1]. [1] https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf https://www.sec.gov/files/litigation/complaints/2023/comp-pr...
- rkagerer 3y ago
  If he's outside the US and the country he is in had an extradition treaty with the US, but has no comparable law in the books, wouldn't that impede extradition?
  - JumpCrisscross 3y ago
    > wouldn't that impede extradition This is a civil complaint. Nobody is demanding extradition as no crimes are alleged. If Zhao is dumb enough to blow off the courts, the DoJ will get involved.
    - c2h5oh 3y ago
      This is a civil complaint, but it describes things that can be criminal, e.g: a failure to do KYC required to block transactions with sanctioned people/entities - that can very much be criminal with a max of 20 years iirc.
      - JumpCrisscross 3y ago
        > it describes things that can be criminal There is probably a case, but I don’t see anything that would make Zhao a priority for the DoJ. Maybe that will surface as he responds (or refuses to).
  - anonymousab 3y ago
    That would depend on the contents of that extradition treaty.
  - ingenieros 3y ago
    That didn't stop Montenegro from finding some other probable causes (fake passports) to arrest Do Kwon. They are now trying to decide where to extradite him. US, South Korea and Singapore all want a piece of him. https://www.rferl.org/a/montenegro-korea-kwon-terraform/32340405.html https://www.rferl.org/a/montenegro-korea-kwon-terraform/3234...
    - JumpCrisscross 3y ago
      > some other probable causes (fake passports) Forging passports is a serious crime.
WJW 3y ago
That does not matter for being sued, though perhaps it does for being punished if he gets convicted. A quick google shows he lives in Dubai though. The UAE do not have a formal extradition treaty with the US, but given their close relations I would not be super comfortable about it if I were CZ.

> presume he is not based or living in the US Zhao “unlawfully solicited U.S. investors to buy, sell, and trade crypto asset securities through unregistered trading platforms” while “raising approximately $200 million from private investors” and “direct[ing] Binance to assist certain high-value U.S. customers in circumventing…controls and to do so surreptitiously” [1]. [1] https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf https://www.sec.gov/files/litigation/complaints/2023/comp-pr...

rkagerer 3y ago
If he's outside the US and the country he is in had an extradition treaty with the US, but has no comparable law in the books, wouldn't that impede extradition?
- JumpCrisscross 3y ago
  > wouldn't that impede extradition This is a civil complaint. Nobody is demanding extradition as no crimes are alleged. If Zhao is dumb enough to blow off the courts, the DoJ will get involved.
  - c2h5oh 3y ago
    This is a civil complaint, but it describes things that can be criminal, e.g: a failure to do KYC required to block transactions with sanctioned people/entities - that can very much be criminal with a max of 20 years iirc.
    - JumpCrisscross 3y ago
      > it describes things that can be criminal There is probably a case, but I don’t see anything that would make Zhao a priority for the DoJ. Maybe that will surface as he responds (or refuses to).
- anonymousab 3y ago
  That would depend on the contents of that extradition treaty.
- ingenieros 3y ago
  That didn't stop Montenegro from finding some other probable causes (fake passports) to arrest Do Kwon. They are now trying to decide where to extradite him. US, South Korea and Singapore all want a piece of him. https://www.rferl.org/a/montenegro-korea-kwon-terraform/32340405.html https://www.rferl.org/a/montenegro-korea-kwon-terraform/3234...
  - JumpCrisscross 3y ago
    > some other probable causes (fake passports) Forging passports is a serious crime.

WJW 3y ago

That does not matter for being sued, though perhaps it does for being punished if he gets convicted. A quick google shows he lives in Dubai though. The UAE do not have a formal extradition treaty with the US, but given their close relations I would not be super comfortable about it if I were CZ.