Bloomberg: The U.S. Department of Justice is seeking a $4 billion fine from Binance to reach a settlement

The U.S. Department of Justice is seeking more than $4 billion from Binance as part of a settlement of a years-long investigation into the world's largest cryptocurrency exchange. Negotiations between the Justice Department and Binance include the possibility that its founder CZ could face criminal charges in the United States as part of an agreement to resolve investigations into alleged money laundering, bank fraud and sanctions violations, according to people familiar with the matter. Binance and the Justice Department declined to comment. An announcement could come before the end of the month, though the situation is still fluid, according to the people, who asked not to be identified discussing the confidential matter.