CZ New Book: The fine amount proposed by the U.S. Department of Justice was initially 6.8 billion dollars

2026-04-08 18:41:46

Collection

Binance founder Zhao Changpeng (CZ) recalled in his new book that during negotiations with the U.S. Department of Justice, the other party initially proposed a fine of up to $6.8 billion, far exceeding the final settlement amount.

He stated that the two sides started with about $500 million and went through multiple rounds of negotiations, during which the prosecution repeatedly pressured and issued "ultimatums," ultimately reaching a settlement of $4.3 billion.

CZ also mentioned that some lawyers suggested "paying a higher fine might help reduce the sentence," but the Department of Justice later used the high fine as one of the bases for "seriousness of the issue" in court.

Risk warning

Column CZ has published a book! "Binance Life" vs Hot Discussions in the Crypto Circle

The memoir "Binance Life" by Binance founder CZ has launched and ignited the crypto community, with interpretations from industry leaders, resonant entrepreneurial stories, and heated discussions in the community linked to meme coins, various voices are rising and falling. This special topic continuously collects the latest news, book excerpts, industry comments, and reactions from across the internet, let's see how CZ writes his own "Binance Life."