US seeks more than $4 Billion from Binance to end criminal case!

The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions.

Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said.

An agreement could resolve the probe into the company for alleged money laundering, bank fraud, and sanctions violations, the report said.