Binance, the world’s largest cryptocurrency exchange, is being expelled from the U.S. following allegations by federal prosecutors that the company aided terrorist networks like Hamas, violated sanctions, and facilitated illegal activities. In a landmark settlement, Binance has agreed to pay $4.4 billion to the Department of Justice, Treasury, and the Commodity Futures Trading Commission. CEO Changpeng Zhao pleaded guilty to money laundering charges, stepped down from his position. The actions signal a new era of regulatory scrutiny in the United States.
Historic Fine on Binance Over Alleged Hamas Financing Signals New Era in Crypto Crackdown