Changpeng Zhao, famously known as CZ, and the architect of cryptocurrency exchange Binance, has been restricted from traveling back to the United Arab Emirates. What Happened: The decision stems from Zhao’s guilty plea to charges related to breaching the Bank Secrecy Act. With his sentencing set for February 2024, the former CEO of Binance was granted temporary freedom based on a personal recognizance bond valued at $175 million. The bond arrangement included cash in escrow and an approximate $5 million in collateral provided by sureties. Initially, the terms of Zhao’s bond permitted him to re…