According to a recent ruling, Binance is set to pay a total of $2.7 billion in fines.
CZ will also pay $150 million in fines.
There has been an update on the legal proceedings involving Binance and its former CEO Changpeng Zhao. A court has issued an order against the exchange, its former chief executive, and one other key official.
The order outlined the imposed fines and specified certain operational changes to be implemented within the exchange.
Binance and CZ get fine figures
On the 18th of December, the U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Northern District of Illinois had approved the previously disclosed settlement.
The court issued a consent order involving permanent injunction, civil monetary penalty, and equitable relief against Changpeng Zhao (CZ) and Binance.
The court imposed a $150 million civil monetary penalty on CZ as part of the settlement. Additionally, it mandated that Binance “disgorge” $1.35 billion
We współpracy z: https://ambcrypto.com/heres-how-bnb-reacted-to-binances-settlement-with-cftc/
