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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.

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.

In its post about CZ’s departure, Binance US listed all the agencies it doesn’t have beef with — but left out the SEC’s enforcement action.

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

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.