---
title: "BREAKING: Binance >>>"
description: "Department of Justice is seeking a penalty of $4 billion from Binance in order to settle a criminal investigation\nCrypto exchange Binance is nearing a settlement with the U.S. Department of Justice to resolve a criminal investigation into alleged money laundering, bank fraud, and sanctions violations, unnamed sources told Bloomberg. If the settlement deal goes through, it would be one of the largest-ever penalties in a crypto case.\nNegotiations have included the possibility of criminal charges against Binance's founder and CEO Changpeng Zhao, also known as CZ. However, as it currently stands the deal would allow the crypto exchange—the world's largest by volume—to keep operating while holding its leadership accountable.\nIf finalized, Binance would likely pay the fine as part of a deferred prosecution agreement. This would require Binance to meet prescribed conditions like overhauling compliance programs, according to the report.\nSource: Decrypt, Altcoin Daily"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [BREAKING: Binance \>\>\>](https://blog.syzgroup.com/syz-the-moment/nestle-on-the-lower-end-of-the-channel-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-2-0-0-0-0-0-0-0-0-0-1-0-169-5fe98e18)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Nov 21, 2023, 8:04:26 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/nestle-on-the-lower-end-of-the-channel-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-2-0-0-0-0-0-0-0-0-0-1-0-169-5fe98e18)

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