Bloomberg: The U.S. Department of Justice seeks over $4 billion in fines from Binance to settle related criminal charges, with a proposal expected to be released by the end of this month

ChainCatcher news, citing sources from Bloomberg, reports that the U.S. Department of Justice is seeking over $4 billion in fines from Binance as part of a proposed resolution to its years-long investigation.

Sources revealed that the announcement could come as early as the end of this month, but it remains uncertain. The specific timing and structure of the proposed resolution, as well as the exact fees, are still unclear. Three sources indicated that the agreement aims to strike a balance that allows Binance to continue operating without risking collapse, thereby reducing the negative impact on the market and cryptocurrency holders.