Binance Allegedly Provided Information to Big Whales Before the US Agreement!

As known Binance and its CEO CZ, They pleaded guilty to anti-money laundering and violating US sanctions charges as part of a deal with the US government.

BinanceWhile signing one of the largest corporate agreements in US history, it agreed to pay 4.3 billion dollars within the scope of this agreement. As part of the agreement, CZ will resign as CEO of Binance and pay a fine of $50 million.

While this agreement and its impact are still being talked about in the market, a new claim came from Bloomberg.

According to Bloomberg, Binance’s VIP investors knew in advance that the cryptocurrency exchange would make a $4.3 billion deal with US authorities.

Binance’s deal with the US government was announced at a private conference in Singapore in September attended by some of Binance’s largest investors.

Participants asked various questions to Binance executives regarding the possibility of this agreement. The answers they received convinced him that the stock market had the ability to pay a $4 billion fine.

According to Bloomberg, Binance’s former CEO CZ VIP was not present at the meeting attended by investors, while new CEO Richard Teng attended the meeting.

A Binance spokesperson told Bloomberg that the way the incident occurred was flawed, but did not specify which aspects were wrong.

*This is not investment advice.

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