Wow. This is insane. I did not see that coming.
Are we sure that $4.3 billion is the correct figure and not typing error? Fincen is reporting on $3.4 billion, which is the highest settlement in US history:
I quoted the news, but as I understand it, 4.3 billion is the total amount of fines, otherwise there are errors in many news stories.
https://www.theguardian.com/business/2023/nov/21/binance-settlement-crypto-exchange"The attorney general Merrick Garland said at a press conference that the
total of $4.3bn in fines Binance and Zhao had agreed to pay as part of guilty pleas was one the largest penalties the justice department had ever obtained from a criminal matter."
The total fees associated with this settlement exceed $4 billion, comprising a forfeiture of $2.5 billion, a fine of $1.8 billion, and personal payments from Zhao amounting to about $50 million.