Back in February, Binance’s top spokesperson told the Wall Street Journal that the cryptocurrency giant was negotiating with the Justice Department and other agencies to settle the legal mess related to its past transgressions. The settlement would involve fines and some other measures, but the upshot would be that Binance and the U.S. government would let bygones be bygones. “It will be a good moment for our company because it allows us to put it behind us,” said the spokesperson at the time.
So much for that. Right now, Binance and the Justice Department do very much not have a deal, and, as Fortune reported, the spokesperson has quit along with the company’s general counsel, its SVP of compliance, and other top executives. One can only imagine what federal prosecutors—who are rumored to be teeing up criminal charges against the company and CEO Changpeng Zhao—think about this development. If they weren't bringing their big guns before, they certainly will now.
