U.S. Is Looking for Over $4B From Binance to End Criminal Case: Bloomberg


20 Nov 2023 5:43 PM

A resolution could come as soon as the end of this month, Bloomberg reports....

  • Binance Holding Ltd. may have to pay $4 billion to settle accusations of multiple criminal violations by the U.S. Department of Justice (DOJ).
  • The DOJ is also considering bringing criminal charges against Binance's founder, Changpeng Zhao.
  • The accusations against Binance include money laundering, bank fraud, and violating U.S. sanctions laws.
  • Negotiations between Binance and the DOJ are ongoing, with a possible resolution expected in the coming weeks.
  • The DOJ declined to comment, and Binance has not yet responded to requests for comment.

The article presents a negative sentiment as it discusses serious accusations and potential legal consequences for Binance Holding Ltd. and its founder, Changpeng Zhao. The mention of money laundering, bank fraud, and violating U.S. sanctions laws adds to the negative tone.

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You May Ask

What is the potential settlement amount that Binance may have to pay to the U.S. Department of Justice?Who is the founder of Binance and what charges might they face?What are the accusations against Binance by U.S. authorities?When are the negotiations between Binance and the DOJ expected to conclude?Has Binance provided any response or comment regarding the accusations and negotiations?

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