Prosecutors Urge Court to Accept Binance’s $4.3 Billion Plea Deal

• The US prosecutors urge the court to accept Binance’s $4.3 billion plea deal.
• In a sentencing memo, the prosecutors argued that Binance’s misconduct posed a serious threat to the financial economy.
• The prosecutors added the exchange’s law breach, led by chief executives, was intentional.

According to a recent Bloomberg report, the US prosecutors urged the court to accept Binance’s $4.3 billion plea deal, arguing that the exchange’s violation of the economic sanctions laws posed a serious threat to the nation’s financial sector.

On February 16, the US prosecutors filed a sentencing memo in federal court in Seattle, claiming that the Binance’s “misconduct” was “intentional.” The prosecutors stated that Binance’s serious misconduct, led by senior executives, resulted in “hundreds of millions of dollars of collateral consequences.”

Binance’s long legal struggle could be traced back to the Securities and Exchange Commission’s (SEC) lawsuit filed in June 2023. The lawsuit imposed 13 charges against the exchange, including the violation of federal securities law by offering unregistered securities.

Reflecting on the charges, the p…

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