US seeks 4 billion$ from Binance.

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Binance is a global company that operates the largest cryptocurrency exchange. This company was founded by Changpeng Zhao (CZ) in 2017. Changpeng Zhao is a Chinese-Canadian businessperson and is commonly known as CZ.

Binance is facing criminal charges in the United States related to bank fraud, money laundering, and sanctions violations. These charges have created difficulties for the founder of the company, Changpeng Zhao (CZ), in the United States. Additionally, agencies are scrutinizing Binance’s transactions to ensure that the platform is not inadvertently financing non-state armed groups operating in conflict zones.

Changpeng Zhao is currently residing in Dubai. The Dubai government has not entered into an extradition agreement with the United States regarding the accused individuals. However,CZ can take any step to eliminate charges against him in the United States. This is because if not done, there is a risk of sanctions being imposed on the company in the United States and its allied nations, which could potentially lead to the complete collapse of the company.

The U.S. has demanded $4 billion from Changpeng Zhao to settle the charges against him related to Binance. According to sources, he is ready to pay even an amount exceeding $4 billion for this purpose. After CZ pays this amount, it is expected that the U.S. will halt further legal action against him regarding the charges. If this happens, it will be among one of the big fines in cryptocurrency cases.

Binance has an annual revenue of 12 billion dollars, and 7,000 employees work in it.It is widely used worldwide as a cryptocurrency exchange platform.

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