Binance’s $4B Crypto Debacle With DoJ Could Result In CEO Facing Charges: Report
The U.S. Department of Justice is currently in discussions with crypto exchangeBinance Holdings Ltd. (CRYPTO: BNB) over a potential resolution to an extensive investigation. What Happened: The allegations against Binance include money laundering, bank fraud, and sanctions violations. According to Bloomberg, Binance could wind up paying over $4 billion in penalties. At the heart of the negotiations is the possibility that Binance founder Changpeng Zhao might face criminal charges in the U.S. Zhao is currently residing in the United Arab Emirates, a nation without an extradition treaty with the …