• The WireDefault logo ORDO

    US Seeks Extra than $4 Billion From Binance To Quit Criminal Case

    The US Justice Department is seeking more than $4 billion from Binance as part of a proposed resolution of a years-long investigation into the world's largest cryptocurrency exchange. From a report: Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according…

  • Cryptocurrenciesendgame-for-binance?-us-doj-seeks-$4-billion-settlement,-cz-braces-for-charges

    Endgame For Binance? US DOJ Seeks $4 Billion Settlement, CZ Braces For Charges

    In a significant development, the US Department of Justice (DOJ) is reportedly pursuing a resolution with Binance, the world’s largest cryptocurrency exchange by trading volume.  According to Bloomberg, negotiations between the two parties include the potential for Binance founder Changpeng Zhao, also known as CZ, to face criminal charges as part of the agreement.  The investigation involves allegations of money laundering, bank fraud, and sanctions violations, and an official announcement…