Binance Asked To Pay $4 Billion By DOJ To Settle Investigations: Report
CryptoPotato
20 Nov 2023 7:42 PM
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.
You May Ask
What is the requested resolution amount for Binance's investigation by the U.S. Department of Justice?What are the potential charges that Binance CEO Changpeng Zhao may face?Why did the sources discussing the topic choose to remain anonymous?According to Matt Walsh, how could a settlement with a monitoring provision benefit Binance and its investors?What is the sentiment of the article towards Binance?