Bitcoin

<p><em><strong>In a recent update, a US judge has given the green light for cryptocurrency exchange Binance to pay a hefty fine of $4.3 billion.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>This fine, part of a plea agreement, was approved by US District Judge Richard Jones. Binance, known as the <a href="https://cryptosheadlines.com/worlds-largest-gold-etf-manager-explores-cryptocurrencies-gold-alternative/" rel="noopener noreferrer nofollow">world’s largest cryptocurrency</a> exchange, is now mandated to fulfill this penalty.</p><h3 id="landmark-penalty-binance-hit-with-4-3-billion-fine">Landmark Penalty: Binance Hit with $4.3 Billion Fine</h3><p>US Judge Richard Jones has approved a historic $4.3 billion fine against <a href="https://cryptosheadlines.com/binance-allegedly-supports-new-cryptocurrency-exchange-in-hong-kong-license-bid/" rel="noopener noreferrer nofollow">cryptocurrency exchange Binance</a>, marking one of the largest penalties in US history. Judge Jones emphasized that this case highlights the dangerous precedence of greed overshadowing corporate ethics.</p><p>Last year, Binance and its founder Changpeng Zhao admitted to engaging in unlawful activities related to money laundering and sanctions violations following a thorough investigation by authorities. As part of the agreement, <a href="https://cryptosheadlines.com/binance-shifts-its-focus-to-the-united-kingdom-in-its-pursuit-of-regulatory-compliance/" rel="noopener noreferrer nofollow">Binance will be closely monitored for compliance</a> by an external firm for up to five years. Although the monitoring firm has yet to be officially selected, reports suggest that New York-based law firm Sullivan &amp; Cromwell is a top contender.</p><h3 id="prosecutors-concerns-binance-s-response-and-judge-s-warning">Prosecutors’ Concerns, Binance’s Response, and Judge’s Warning</h3><p>Prosecutors, pushing for the judge’s approval of the agreement, raised concerns about the negative impact of Binance’s actions on the financial system and emphasized the deliberate nature of the misconduct, allegedly orchestrated by <a href="https://cryptosheadlines.com/saylors-bitcoin-strategy-against-top-companies/" rel="noopener noreferrer nofollow">top executives within the company</a>.</p><p>In response, Binance’s deputy general counsel, Josh Eaton, expressed the company’s full acknowledgment of its past <a href="https://cryptosheadlines.com/us-secs-recent-actions-could-have-severe-consequences-cautions-hong-kong-lawyer/" rel="noopener noreferrer nofollow">actions and highlighted recent</a> efforts to improve compliance measures.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Judge Jones reiterated that Binance was fully aware of its obligations under US law but chose not to comply. He emphasized that the substantial penalty serves as a warning against similar behavior in the <a href="https://cryptosheadlines.com/binance-futures-margin-adjustments-coincide-with-surge-in-lunc-price/" rel="noopener noreferrer nofollow">future by Binance</a> and other companies, with the ultimate goal of protecting customers’ interests in the cryptocurrency ecosystem.</p><p><a href="https://cryptosheadlines.com/apecoin-community-plans-to-launch-apechain-on-arbitrum/" rel="noopener noreferrer nofollow">Also Read:   ApeCoin Community Plans to Launch ApeChain on Arbitrum</a></p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.b</em></p>

Breaking News: Judge Greenlights Binance’s $4.3 Billion Penalty Payment

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 24, 2024

The Race to $10: XRP, Cardano, or Scapesmania?

SHIB Sells Out 20,000 Sheboshi NFTs But Should Investors Fear Death Cross?

SHIB Whale Sells Holding After 2021, Signifying This Memecoin Trend

Top Altcoins to Watch in the Upcoming Mega Altcoin Season – ALPH, SMOG, and SPOODY

XRP Lawyer Bill Morgan Tells Why Ripple v SEC Settlement “improbable at the moment”

Google’s AI Under Fire for Its Stance on Pedophilia

Join our free newsletter for daily crypto updates!