ChainCatcher message, Binance's new CEO Richard Teng responded to community members regarding the question of "Can Binance afford the penalties in the settlement agreement," stating that Binance's financial situation is robust and its business fundamentals are very solid. We have been profitable almost from day one and have maintained profitability since then.In terms of trading volume, we are still the largest cryptocurrency exchange in the world. U.S. regulators have not claimed that Binance has misappropriated user funds. User funds are supported 1:1, and users can choose to withdraw 100% of their funds at any time. Binance has more registered users than ever before, currently reaching 166 million. These penalties are not a concern. We will continue to move forward; our spending is moderate, but profits and revenues are strong.

ChainCatcher news, according to Reuters, the prosecutor in charge of the case stated that Binance has agreed to pay a criminal fine of approximately $1.81 billion to the U.S. and will make the payment within 15 months after sentencing.In addition, Binance has agreed to forfeit $2.51 billion in assets. Changpeng Zhao has agreed to pay a $50 million fine to the CFTC.

ChainCatcher news, citing sources from Reuters, reports that the United States will include $3.4 billion from the U.S. Treasury's FINCEN (Financial Crimes Enforcement Network) and $968 million from OFAC (Office of Foreign Assets Control) in the over $4 billion fine against Binance (totaling $4.368 billion).Court records show that Binance faces three criminal charges, including conducting an unlicensed money transfer business, conspiracy charges, and violations of the International Emergency Economic Powers Act.