Date: 2023-11-21T21:57:09Z Creator: Bitfolio Academy
The titan of the global crypto-exchange world, Binance, and its rockstar CEO, CZ, have just navigated a landmark deal with the U.S Department of Justice, dodging a knockout legal punch!
The compromise is colossal! A whopping $4.3 billion fine is on the table, yet nothing compared to the alternative – the oblivion that FTX faced with a Bank run. But wait, the shockwaves don’t stop there. CZ, the once untouchable face of Binance, bows out and embraces a guilty plea.
Since 2017, allegations of money laundering, bank fraud, and sanctions violations have haunted Binance. But with this dramatic plea deal, Binance avoids a disastrous collapse and makes a thudding statement – it is here to stay. Binance pulls off a spectacular survival act, while reshaping the future of crypto!
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