#Binance to pay $4.3 billion in Settlement with US Government#
On November 21, Binance CEO CZ pleaded guilty to U.S. federal charges. Binance was charged with three counts, including anti-money laundering, operating an unlicensed remittance business, and violating U.S. sanctions, and agreed to pay a huge sum of $4.368 billion. fines in exchange for being able to continue operating. CZ pleaded guilty in federal court in Seattle to violating the Bank Secrecy Act and will pay a $50 million fine and resign as CEO. A Bloomberg reporter said that CZ faces up to 10 years in prison, but according to the plea agreement, the sentence is expected to be no more than 18 months.
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