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Binance ordered to pay $2.7B to CFTC, former chief to pay $150M

Binance will disgorge $1.35B in “ill-gotten transaction fees” and pay $1.35B to the CFTC while CZ will pay a $150M civil monetary penalty.

US gov’t will probe Binance at least six times in three years

As part of its $4.3B plea deal, Binance and its customers will be probed by the DoJ and other US agencies on an ‘unprecedented’ scale.

Binance will compensate traders of AEUR during the euro-pegged stablecoin’s price surge, which saw spot trades halted on Tuesday.

Per its $4.3 billion settlement, Binance will have to welcome a US government-appointed compliance monitor for at least three years.

Crypto exchange Binance was majorly fined by the CFTC — but a senior commissioner says it should serve as a cautionary tale and not the norm.