Binance is obligated to pay $4.3 billion in a federal case while its former director “CZ” awaits the ruling!
Cryptocurrency trading company Binance has pleaded guilty before a federal judge, agreeing to pay $4.3 billion in fines and penalties to settle a federal case, in what is the highest assessment of fines in the history of federal financial proceedings.
Federal Judge Richard Jones approved the deal, which included a $1.8 billion criminal fine and forfeiture of $2.5 million in financial penalties, due to Binance's failure to implement a competent anti-money laundering program, which allowed the Binance platform to be exploited in various ways, including operating decoy services. Which concealed the source and ownership of cryptocurrencies.
@Bitcoin_Newws ✅
