TechFlow news, according to TheBlock, U.S. Judge Richard Jones approved Binance's plea agreement to pay a $4.3 billion penalty during a hearing held Friday in Seattle.
A Binance spokesperson said in a statement: "Binance takes responsibility for its past conduct and has already made significant progress in implementing the measures required under the plea agreement."
Binance stated that it has made "substantial compliance improvements" in KYC and anti-money laundering detection over the past few years. "In the coming months, we look forward to continuing our efforts in compliance, security, and transparency to set a benchmark for the industry. We remain on track to become the most trusted and secure digital asset exchange in the world."
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