Reuters: Binance fined $4.368 billion, including $3.4 billion from the Treasury and $968 million from OFAC

2023-11-22 03:01:21

ChainCatcher news, citing sources from Reuters, reports that the United States will include $3.4 billion from the U.S. Treasury's FINCEN (Financial Crimes Enforcement Network) and $968 million from OFAC (Office of Foreign Assets Control) in the over $4 billion fine against Binance (totaling $4.368 billion).

Court records show that Binance faces three criminal charges, including conducting an unlicensed money transfer business, conspiracy charges, and violations of the International Emergency Economic Powers Act.

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