USA v. Binance

The DOJ charged Binance with three counts of conspiracy, operating an unlicensed money transmitting business, and violating the IEEPA. Binance pled guilty to the charges, was fined $4.3 billion, and sentenced to three years of probation.

The Judge seemed outraged by Bianance’s lack of oversight stating that “this really is a case where the ethics of the company was compromised by greed.” and emphasized that “this isn’t a question of ignorance and lack of knowledge. It is a question of volition and choice.” The $4.3B settlement marks the largest penalty against a money service business in the Justice Department’s History.

2:23-cr-00178