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International Business Times

Business

Nica Osorio

Binance VIP Traders Tipped Off By Executives Ahead Of DOJ Settlement: Report

Binance DOJ United States Changpeng Zhao

KEY POINTS

Binance settled with the DOJ and other U.S. agencies on Nov. 21
The crypto exchange paid around $4.3 billion in penalty
Binance also appointed a new CEO to replace Changpeng Zhao who was forced to resign as part of the deal

Weeks before the historic $4.3 billion settlement with the U.S. Department of Justice (DOJ), Binance executives tipped off VIP traders and market makers of the matter at a dinner it hosted in Singapore, according to a report.

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