Binance Could Pay Over $4B to U.S. to Settle Criminal Case: Report

• Binance Holding Ltd. To Settle U.S. Department of Justice Accusations
• Accusations Against Binance
• Binance and DOJ Comments

Binance Holding Ltd. To Settle U.S. Department of Justice Accusations

In a recent report from Bloomberg News, Binance Holding Ltd. is said to be in negotiations with the U.S. Department of Justice (DOJ) over multiple criminal accusations. The crypto giant might have to pay a hefty sum of $4 billion to settle these charges. This ongoing negotiation has also hinted at the possibility of company founder Changpeng Zhao facing U.S. criminal charges.

Accusations Against Binance

The U.S. authorities have been investigating Binance on multiple counts, including money laundering, bank fraud, and violation of U.S. sanctions laws. These talks are anticipated to conclude in the forthcoming weeks.

Binance and DOJ Comments

When Bloomberg News approached the DOJ for a comment on this matter, a spokesperson declined. Binance Holding Ltd. has not yet responded to requests for comments on these accusations.

Edited by Jonathan Stoker