DOJ eyes criminal charges against CZ Zhao in potential $4 billion settlement!

The post DOJ eyes criminal charges against CZ Zhao in potential $4 billion settlement! appeared first on Coinpedia Fintech News

The Justice Department’s negotiations with Binance Holdings Ltd. involve the potential for criminal charges against the exchange’s founder, Changpeng Zhao. An announcement regarding the resolution of the investigation could be made as early as the end of this month, although the situation is still fluid. The proposed settlement would require Binance to pay more than $4 billion, which would be one of the largest penalties in a criminal cryptocurrency case. This information was reported by Bloomberg.