DIGIVESTASI - Binance founder Changpeng Zhao's daily life is becoming increasingly complicated. If Zhao didn't want to be detained, he had to surrender his passport and wear a tracking device.

The conditions that Zhao must comply with are set out in an out-of-court settlement agreement between prosecutors and Binance, which was eventually approved by a judge. Judge Richard Jones in Seattle approved the terms Binance must meet, including a $1.81 billion fine and the surrender of $2.51 billion in seized assets.

The judge also agreed to change Zhao's bail conditions. Prosecutors said the changes were an attempt to align with the judge's order that Zhao not leave the US mainland and remain under the supervision of court officials until his trial date on April 30.

Other additional conditions include Zhao must submit his travel plans three days prior to departure, surrender his passport and live in an approved "residence." The pretrial officer also recommended that Zhao wear a location tracker.

Zhao is currently out of custody after posting $175 million bail. The man, also known by his initials CZ, pleaded guilty to money laundering charges in November. Chao's guilty plea was part of a deal between Binance and US law enforcement.

Binance has pleaded guilty to resisting a criminal investigation into its activities by US law enforcement authorities. The investigation began after the world's largest cryptocurrency exchange failed to report approximately 100,000 suspicious transactions involving groups designated as terrorists by the US government, including Al Qaeda and ISIS.

In addition, Binance's platform was also used to sell child sexual exploitation content and received most of the crypto extortion proceeds from hackers, also known as ransomware.

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