According to breaking information, US authorities are demanding $4 billion from Binance to end the criminal case.
Binance and CZ are expected to face charges. The decision could be taken before the end of this month.
According to Bloomberg sources, negotiations between the US Department of Justice and Binance include the possibility that the company’s founder, Changpeng Zhao, could face criminal charges in the US as part of an agreement to resolve an investigation into allegations of money laundering, bank fraud and sanctions violations.
According to Bloomberg, he is a resident of the United Arab Emirates, which does not have an extradition treaty with the United States, but this does not prevent the CEO from coming to the United States voluntarily.
*This is not investment advice.
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