US reaches over-$4 billion settlement with world's largest cryptocurrency exchange, source says

Tuesday, 21 November 2023
The US government has reportedly reached a settlement with cryptocurrency exchange Binance, amounting to over $4 billion. The settlement comes after Binance was accused of operating as an unregistered securities exchange and violating US securities laws. The charges against Binance were similar to those faced by the now-collapsed cryptocurrency exchange FTX. Binance's CEO, Changpeng Zhao, has also faced allegations of diverting customer funds and concealing assets.

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