{"id":2546,"date":"2023-11-21T05:22:43","date_gmt":"2023-11-21T05:22:43","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=2546"},"modified":"2023-11-21T05:22:46","modified_gmt":"2023-11-21T05:22:46","slug":"us-governments-4-billion-demand-from-binance-to-settle-criminal-case","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/","title":{"rendered":"US Government&#8217;s $4 Billion Demand from Binance to Settle Criminal Case"},"content":{"rendered":"\n<p>In a significant development, the US Department of Justice (DOJ) is reportedly seeking over $4 billion from Binance. This sum is part of a proposed resolution to conclude the cryptocurrency exchange&#8217;s long-standing criminal case. Bloomberg&#8217;s report suggests that resolving the probe into alleged money laundering, bank fraud, and sanctions violations is at the core of this proposition.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-ongoing-scrutiny-and-potential-charges\">Ongoing Scrutiny and Potential Charges<\/h3>\n\n\n\n<p>Binance, a leading crypto exchange, has been under continuous observation by US regulators. The DOJ had been contemplating charging the platform with fraud, considering the potential repercussions on the industry and the risk of a bank run. The DOJ&#8217;s decision would significantly impact Binance, which has been embroiled in legal challenges, including a lawsuit from the Commodity Futures Trading Commission (CFTC) accusing it of deliberately evading US laws.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-impact-on-binance-s-founder\">Impact on Binance&#8217;s Founder<\/h3>\n\n\n\n<p>The resolution plan also implicates Binance&#8217;s founder, Changpeng Zhao. Zhao, currently based in the United Arab Emirates (UAE) \u2014 a nation without an extradition treaty with the US \u2014 faces criminal charges in the proposed settlement. Despite the lack of an extradition treaty, this does not preclude Zhao from voluntarily traveling to the US.<\/p>\n\n\n\n<p>As of now, Binance has not issued any statements regarding the proposed resolution. However, reaching an agreement of this magnitude would mark a pivotal turn in the ongoing scrutiny faced by the exchange in the US. The resolution, if finalized, would conclude years of investigation into the cryptocurrency platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant development, the US Department of Justice (DOJ) is reportedly seeking over $4 billion from Binance. This sum is part of a proposed resolution to conclude the cryptocurrency exchange&#8217;s long-standing criminal case. Bloomberg&#8217;s report suggests that resolving the probe into alleged money laundering, bank fraud, and sanctions violations is at the core of [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":1273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,43],"tags":[],"class_list":{"0":"post-2546","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US Government&#039;s $4 Billion Demand from Binance to Settle Criminal Case<\/title>\n<meta name=\"description\" content=\"In a significant development, the US Department of Justice (DOJ) is reportedly seeking over $4 billion from Binance. This sum is part of a proposed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Government&#039;s $4 Billion Demand from Binance to Settle Criminal Case\" \/>\n<meta property=\"og:description\" content=\"In a significant development, the US Department of Justice (DOJ) is reportedly seeking over $4 billion from Binance. This sum is part of a proposed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-21T05:22:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-21T05:22:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/binance-crypto-coins.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ayushi Somani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ayushi Somani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/\"},\"author\":{\"name\":\"Ayushi Somani\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\"},\"headline\":\"US Government&#8217;s $4 Billion Demand from Binance to Settle Criminal Case\",\"datePublished\":\"2023-11-21T05:22:43+00:00\",\"dateModified\":\"2023-11-21T05:22:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/\"},\"wordCount\":250,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/binance-crypto-coins.jpg?fit=800%2C600&ssl=1\",\"articleSection\":[\"Exchange\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/\",\"name\":\"US Government's $4 Billion Demand from Binance to Settle Criminal Case\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/us-governments-4-billion-demand-from-binance-to-settle-criminal-case\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/02\/binance-crypto-coins.jpg?fit=800%2C600&ssl=1\",\"datePublished\":\"2023-11-21T05:22:43+00:00\",\"dateModified\":\"2023-11-21T05:22:46+00:00\",\"description\":\"In a significant development, the US Department of Justice (DOJ) is reportedly seeking over $4 billion from Binance. 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