Members of the crypto community on Negotiating $4 billion settlement with Binance. company.
On November 20, Bloomberg reported, citing anonymous sources, that the Department of Justice was negotiating an agreement with the cryptocurrency exchange Binance to require the company to pay a $4 billion fine. Once paid, the company will be allowed to operate in the United States while complying with its laws. Reports say this could be announced as soon as the end of November.
November 9, Binance transfer in 3.9 billion USDT was transferred from the wallet named “Binance-Cold 2” on TRON to the wallet named “Binance 3”. After the transfer, 300 million USDT was moved to another wallet, leaving approximately $3.6 billion in “Binance 3.” According to blockchain intelligence firm ChainArgos, the transaction is the eighth largest USDT transaction on the Tron blockchain.
2/ This is the eighth largest ever USDT Tron trading. pic.twitter.com/RWcbvg2g4D
— ChainArgos (@ChainArgos) November 13, 2023
Various accounts on social media began speculating about the $3.9 billion transfer following reports of the exchange’s negotiations with the Justice Department.
related: CZ, Buterin, and Dorsey top the cryptocurrency social media popularity rankings, and SBF ranks 10th
Some Upregulate Questions about funding, Inquire About where the money will come from and whether you are prepared to pay the penalty.Since the transfer and the Justice Department report are so close, some Twitter users are trying to connect and find out if there is any correlation between the two.
Cointelegraph reached out to Binance but did not receive an immediate response.
Magazine: Take $110,000 in Bitcoin Profits, CME Leads Binance in BTC Futures Open Interest: Hodler’s Digest
Svlook
