Major players trading on Binance knew in advance about the company’s settlement with the US Department of Justice.
According to information provided by Bloomberg, a group of distinguished investors and market makers trading on Binance came together in Singapore in September.
Some of the participants at the dinner event met with Binance executives and legal status asked questions about and Binance’s that he can reach a settlement worth billions of dollars and pay this money. he understood.
Although Binance’s former CEO Changpeng Zhao was not there, the company’s new CEO, Richard Teng, was. Participants were given the message that Binance will continue its activities.
According to reports, a representative speaking on behalf of Binance said that the information provided about the event in question was not correct, but What information is this? did not share.
Two months after the event, Binance reached a $4.3 billion settlement with the U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) for violating money laundering and sanctions laws.
Changpeng Zhao agreed to step down as CEO as part of an agreement with the Ministry of Justice. Zhao did not attend the event in Singapore, nor did he attend the event held in Istanbul last month.
Zhao to step down as CEO has been prepared since May is reported.