Binance—Binance paid $4.3 billion DOJ settlement for money laundering violations
Binance agreed to pay $4.3 billion to settle DOJ charges of violating the Bank Secrecy Act, operating an unlicensed money transmitting business, and sanctions violations. CEO Changpeng Zhao resigned and pled guilty.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Antitrust & Competition | -against | primary | -1.00 |
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -1.180 | ||
Score = avg(topic contributions) × significance (critical ×2) × confidence (0.59)
Evidence (1 signal)
Confirms Legal Action Nov 21, 2023 verified
DOJ announced $4.3B settlement with Binance for money laundering violations
The Department of Justice announced that Binance and CEO Changpeng Zhao pled guilty to federal charges including Bank Secrecy Act violations, as part of a $4.3 billion resolution.