Binance Asked To Pay $4 Billion By DOJ To Settle Investigations: Report
Years-long investigations into Binance by the U.S. government may be coming to an end soon – in return for a hefty fee....
- The U.S. Department of Justice (DOJ) has requested that Binance pay $4 billion as a resolution to its lengthy investigation.
- Binance CEO Changpeng Zhao (CZ) may face charges including money laundering, bank fraud, and sanctions violations.
- The negotiations are confidential, and the sources discussing the topic chose to remain anonymous.
- Matt Walsh, a founding partner at Castle Island Ventures, suggests that a settlement with a monitoring provision could protect investors and allow Binance to move towards a more institutional and compliant future.
The article presents a negative sentiment towards Binance as it highlights the ongoing investigation and the possibility of charges against the CEO. However, it also suggests that a settlement with a monitoring provision could be a positive step towards a more compliant future.