U.S. judge approves Binance plea deal to pay $4.3 billion fine

U.S. Judge Richard Jones approved a plea deal for Binance to pay a $4.3 billion fine at a hearing in Seattle on Friday. "Binance accepts responsibility for the company's past actions and has made significant progress in taking the steps required by the terms of the plea agreement," a Binance spokesperson said in a statement. Binance said that the company has made “considerable compliance improvements” in KYC and anti-money laundering detection over the past few years. “In the coming months, we look forward to continuing our efforts on compliance, security and transparency.” , setting the benchmark for the industry. We continue on the path to becoming the most trustworthy and secure digital asset exchange in the world." (The Block) Previously, a notice from the Seattle Federal Court showed that the sentencing of former Binance CEO CZ on money laundering charges will be postponed to April 30. On November 21 last year, CZ pleaded guilty to charges that the Binance exchange he founded failed to maintain an effective anti-money laundering program, and the filing did not give a specific reason for the delay.