US seeks more than $4 billion from Binance to end criminal case -Bloomberg News


A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration

(Reuters) -The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions.

Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Databricks valued at $134 billion in latest fundraise, CNBC reports
OpenAI CEO says ChatGPT back to over 10% monthly growth, CNBC reports
Takeda deepens AI drug discovery push with $1.7 billion Iambic deal
Imec opens 2.5 billion euros chip pilot line as Europe looks to strengthen AI hand
Instagram, YouTube addiction trial kicks off in Los Angeles
US software stocks tumble sparks concerns that AI trade is reshaping markets
Meta criticises EU antitrust move against WhatsApp block on AI rivals
EU threatens temporary measures to stop Meta blocking AI rivals from WhatsApp
China wants better weather forecasts for drones, flying taxis
TotalEnergies to provide solar power to Google's Texas data centres

Others Also Read