Binance agrees to pay a $1.81 billion criminal fine and will have $2.51 billion in assets seized

2023-11-22 03:04:23

ChainCatcher news, according to Reuters, the prosecutor in charge of the case stated that Binance has agreed to pay a criminal fine of approximately $1.81 billion to the U.S. and will make the payment within 15 months after sentencing.

In addition, Binance has agreed to forfeit $2.51 billion in assets. Changpeng Zhao has agreed to pay a $50 million fine to the CFTC.

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Binance $4.3 billion settlement case ongoing tracking

Column Binance $4.3 billion settlement case ongoing tracking

The boots have finally dropped! Binance will pay up to $4.3 billion in fines to the U.S. Treasury, and Changpeng Zhao has announced his resignation as CEO of Binance... What will be the subsequent impact of this hefty settlement on Binance and the cryptocurrency industry? Will it open a new chapter for compliance regulation in the industry?

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