iBNB

<ul><li>The US prosecutors urge the court to accept Binance’s plea deal of $4.3 billion.</li><li>Asserting that Binance’s misconduct was intentional, the prosecutors stated that it posed serious threats to the economy.</li><li>Binance’s law breach has also pushed the US financial system into vulnerability, according to the memo statement.</li></ul>In a recent sentencing memo, the US prosecutors asserted that Binance has willfully violated the country’s economic sanctions laws, urging the court to accept Binance’s plea deal. They added that the exchange’s law breach has pushed the country’s financial system into vulnerability.Reiterating that the company’s misconduct, led by the key executives, was intentional, the prosecutors asserted that it posed serious threats to the economy. They wrote,“In sum, given the nature and seriousness of Binance’s misconduct — it was intentional and led by senior executives, with hundreds of millions of dollars of collateral consequences.” Binance has been under legal scrutiny following a<a href="https://cryptotale.org/binance-faces-sec-lawsuit-analysis-reveals-significant-outflows/" rel="noopener noreferrer nofollow"> lawsuit</a> filed by the Securities and Exchange Commission (SEC) last year. The regulators accused Binance of violating the federal securities law by offering unregistered securities, in addition to several other charges.Read full article at <a href="https://cryptotale.org/binances-intentional-misconduct-posed-serious-threats-to-economy-prosecutors/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance’s Intentional Misconduct Posed Serious Threats to Economy- Prosecutors

CryptoTale

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