US prosecutors submitted a memorandum requesting that Binance be monitored for up to 5 years.
The US Department of Justice made an agreement with Binance to conclude the ongoing investigations on November 20 and demanded more than 4 billion dollars. Binance was later found guilty of money laundering and sanctions violations. $4.3 billion fine he accepted.
According to Bloomberg, US prosecutors filed a lawsuit against Binance on February 16. up to 5 years He requested to be followed. Prosecutors also said deliberate wrongdoing by Biance’s top executives posed a threat to the U.S. financial system.
In light of this thought, prosecutors asked the judge to review Binance’s actions. plea agreement He asked her to accept it. The penalties in the proposed plea agreement are is in compliance with the law specified.
In a statement published on February 12, the court announced that it postponed the criminal decision of Binance founder Changpeng Zhao to April 2024. CZ’s punishment is from 18 months It is expected to be no more.