Castle

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 <p>BNB is rallying on the news that the U.S. Department of Justice (DOJ) is seeking to close a criminal case against Binance.</p>
 <p>According to a new Bloomberg&nbsp;report, the DOJ is seeking over $4 billion from the largest crypto exchange by trading volume to settle a multi-year investigation.</p>
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 <p>A separate report from the Wall Street Journal says that CZ plans on stepping down as CEO and admitting to criminal violations.</p>
 <p>Citing people familiar with the matter, WSJ&nbsp;says&nbsp;the crypto billionaire will enter his plea to a Seattle court this afternoon in a deal that may allow Binance to continue its normal operations, while also giving Zhao the right to retain majority ownership of the exchange.</p>
 <p>Says Matt Walsh, founding partner at crypto venture firm Castle Island Ventures,</p>
 <p><em>“A settlement with a monitoring provision in place could be a compromise that protects investors and allows Binance the option to evolve into a more institutional and compliant future direction.”&nbsp;</em></p>
 <p>A Reuters&nbsp;report also corroborated that a settlement announcement is expected soon.</p>
 <p>BNB is currently outperforming much of the digital asset markets. The altcoin is worth $259 at time of writing, up 4.4% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bnb-rallies-following-reports-of-doj-seeking-4-000-000-000-settlement-with-binance-report-tbt71139.html">https://thebittimes.com/bnb-rallies-following-reports-of-doj-seeking-4-000-000-000-settlement-with-binance-report-tbt71139.html</a></p>

BNB Rallies Following Reports of DOJ Seeking $4,000,000,000 Settlement With Binance: Report

TheBitTimes

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