$4.3B Settlement With the DOJ. CZ Pleads Guilty and Steps Down. All You Need to Know About the Fall of the Latest Strong Man of the Previous Bull Market and the Consequences for the Market.
The market is purged. BlackRock and Fidelity will be able to launch their Spot Bitcoin ETFs and Coinbase will benefit from the fall of Binance ...
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The Binance case has caused quite a stir in the cryptocurrency world in recent hours.
It concludes with a settlement between Binance and the DOJ. Binance will pay $4.3 billion to put an end to the lawsuits against the company. Binance founder and CEO Changpeng Zhao admitted his guilt in violating America's anti-money laundering laws.
The agreement between Binance and the DOJ also includes CZ's resignation as CEO of Binance.
One year after the explosion of the FTX scam, and while SBF's trial had caused quite a stir in recent weeks, this is probably the last figurehead of the previous Bull Market to disappear as the Bear Market draws to a close.
