Binance agrees to pay $1.81 billion in criminal fines and will forfeit $2.51 billion in assets

Reuters reported that prosecutors in charge of this case stated that Binance has agreed to pay a criminal fine of approximately $1.81 billion to the United States for the trading platform and will pay it within 15 months after being sentenced. In addition, Binance has agreed to forfeit $2.51 billion in assets. CZ has also agreed to pay a fine of $50 million to the CFTC.