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đ¤ Weekly Recap: Binance Settles With DoJ
Weekly Recap
Happy weekend Defiers!
It was a big week for web3, with Bitcoin retesting its 2023 highs despite Binance, the worldâs largest cryptocurrency exchange, agreeing to a $3.4B settlement with the U.S. Department of Justice.
Binance and its now former CEO, Changpeng Zhao, pled guilty to money laundering and illicit financing charges, bringing the DoJâs five-year investigation into the exchange to a close. Zhou is currently awaiting sentencing and is expected to face up to 18 months behind bars.
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