Binance CEO negotiates exit from $4.3 billion DOJ babysitter deal
Key Points
- Binance is seeking to have its government-appointed complian...
Picture this: You pay the biggest fine in corporate history, get assigned a government babysitter, and now you're asking to be trusted alone with your crypto empire again. That's exactly where Binance finds itself after shelling out $4.3 billion to settle money laundering allegations in 2023.
The Department of Justice is now considering whether to remove Binance's independent compliance monitor - essentially their court-appointed hall monitor who's been watching every move since the settlement. It's like asking your parents to remove the parental controls after you promised to stop downloadin...
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