Coinbase executive: Binance will most likely pay full $4.3 billion fine without selling crypto assets

Conor Grogan, director of Coinbase, posted on the Balance or funds not in the wallet in PoR. Binance is most likely to pay the $4.3 billion Justice Department fine in full without selling the crypto assets at all. Previously, Binance and its CEO CZ pleaded guilty to criminal charges of anti-money laundering and violating U.S. sanctions, including allowing transactions with terrorist groups such as Hamas, as part of a deal with the U.S. Department of Justice aimed at keeping the company safe. part of a comprehensive agreement to operate. Binance agreed to plead guilty and pay a fine of more than $4 billion. CZ agreed to resign and pay a $50 million fine as part of the settlement, which he pleaded guilty to in a Seattle courtroom on Tuesday. The agreement includes the participation of the U.S. Treasury Department and the Commodity Futures Trading Commission and ends a years-long investigation into the cryptocurrency exchange. The negotiated settlement will resolve all allegations of criminal misconduct.