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Added on the 07/03/2024 16:57:08 - Copyright : Numerama
The US Justice Department announces it is fining Binance, the world's biggest cryptocurrency exchange, a total of $4.3 billion over violations of anti-money laundering and sanctions laws. "This is one of the largest penalties we've ever obtained from a corporate defendant in a criminal matter," US Attorney General Merrick Garland tells reporters. SOUNDBITE
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The parents of disgraced crypto star Sam Bankman-Fried; along with the prosecution's first witness, Marc-Antoine Julliard; and prosecution lawyer Nicolas Roos are seen outside the courthouse during the second day of the trail against the former CEO of one of cryptocurrency's biggest exchanges. A jury will determine if Sam Bankman-Fried committed massive fraud by stealing billions of dollars from clients. IMAGES