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Binance invested heavily in lobbying before guilty plea

Binance significantly increased its spending on lobbying in the lead-up to its plea deal with the US government.

This one sentence from CZ’s criminal settlement has raised eyebrows

The day CZ announced a settlement with the DoJ and several US agencies, he posted a potentially problematic statement.

Perlman took up his role at Binance last year and is front and center in its attempts to negotiate numerous government investigations.

Prosecutors claim CZ poses a flight risk because most of his wealth is outside the country and the UAE has no extradition deal with the US.

Richard Teng is the incoming CEO of Binance and will oversee its payments of over $4.3 billion to the US government.