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Binance and CZ plead guilty but SEC lawsuit remains

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

The rise and fall of Binance’s CZ

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.

The multi-billion dollar SEC v. Binance lawsuit is advancing rapidly. The SEC just filed its opposition to Binance’s motion to dismiss.

Binance Australia Derivates has paid $13.1 million in compensation for failing to provide required protections to retail users.