Bloomberg: U.S. Department of Justice seeks more than $4 billion from Binance to settle related criminal charges

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Cointime2023/11/20 17:48

By:Cointime

According to Bloomberg, insiders revealed that the US Department of Justice is seeking over $4 billion from Binance Holdings Ltd. as part of a proposed settlement to a years-long investigation. Insiders revealed that the news could be released as early as the end of this month, but it is still uncertain. The specific timing and structure of the proposed resolution, as well as the specific fees, are not yet clear. Three insiders said the agreement aims to strike a balance that allows Binance to continue operating without risking a collapse that could have a negative impact on the market and cryptocurrency holders.

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