Post
Topic
Board Bitcoin Discussion
Re: Binance reaches deal to pay $4.3B settlement to American regulators
by
Xxmodded
on 13/12/2023, 15:47:02 UTC
They've run a profitable business from 0 to billions in a few years. Now Binance's holding billions in banks so they'll pay the fines. It's going to be a profitable company after they've paid court fines because it's effective. It's the busiest exchange in the world.

It isn't over for CZ he's got a big lawsuit against him. Investors said they didn't know Binance was doing criminal things so they'll sue. Sizemore vs Zhao it's going to be $1B civil case. One more $1B lawsuit's against Cristiano Ronaldo's because ppl say they've invested in BNB tokens & traded after his ads hit headlines.
While CZ seemed to save Binance and it will continue to operate without having troubles, he's got his own battle to face on the next one.
Anyway, he's got a lot of money that's in the form of crypto just as he said before that he don't hold that much fiat. So, I guess that he'll be force to sell large sums of holdings that he's got so that he can have funds to defend himself with these lawsuits that are filed personally against him.
Beside CZ leaves his position as Binance CEO I doubt he don't behind on Binance operation right now, not problem with how much money pay for American regulator because Binance earn more profitable and keep their exchange trusted without loss costumer. Balance feedback between reaches deal to pay $4.3B settlement to American regulators and Binance operation not close yet by America regulator exactly by SEC Commission.
Seems without one month, Binance will get return with how much payment to American regulator trough profitable earn with their exchange allowed for operation without restrict yet.