🤝 Weekly Recap: Binance Settles With DoJ

The Defiant

Weekly Recap

Happy weekend Defiers!

It was a big week for web3, with Bitcoin retesting its 2023 highs despite Binance, the world’s 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 DoJ’s 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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