BlockBeats News, November 17th, Binance’s founder responded to the question of whether the $4.3 billion fine in the Binance case would be refunded on social media, saying, “This is a delicate issue. I am already very grateful to have been exempted. It is now a balance between ‘asking for more’ and ‘what is fair’ and ‘cherishing what has been obtained’.”
“If Binance is able to receive any refunds, we will also reinvest this money back in the United States as a gesture of appreciation. I don’t think Binance has formally made a request yet.”
Previously reported, in November 2023, Binance announced a resolution with U.S. regulatory agencies on historical registration, compliance, and sanctions issues. Binance will pay an $18 billion fine and agree to pay within 15 months after the judgment. An additional $25 billion in funds will be forfeited, part of which is related to transactions with U.S. users and part related to transactions involving Iran, to be paid at specific times after the judgment. The total amount of the forfeit is $43.68 billion.
