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Binance forgot to stick to CZ’s principles — now it owes billions

Binance’s $4.3 billion fine could have been avoided if only it had adhered to CZ’s well-documented recipe for business success.

Binance bitcoin reserves drop as CZ faces US detainment

Nearly $200M in bitcoin has left Binance’s coffers after CZ pled guilty to federal charges. Prosecutors say the ex-CEO is a flight risk.

Binance has pleaded guilty and will pay $4 billion in order to resolve criminal charges and civil suits from the CFTC, OFAC, and FinCEN.

CZ entered a plea deal that will see him pay $50 million for violations of the Bank Secrecy Act and $150 million to settle a CFTC lawsuit.

The letter claims that Hamas targeted exchanges connected to “adversarial jurisdictions,” including Garantex, Buy Cash, and Binance.