Binance’s VIP Traders Were Preemptively Informed of Looming Fine
Bloomberg reports that during a private dinner in Singapore, Binance alerted its VIP traders about an anticipated settlement with U.S. authorities, totaling $4.3 billion.
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Bloomberg reports
that during a private dinner in Singapore, Binance alerted its VIP
traders about an anticipated settlement with U.S. authorities, totaling
$4.3 billion.
Held at the elite 1880 club, the meeting occurred well before the
Justice Department officially released charges. It was an insightful
session for market makers and traders about Binance’s legal state.
Discussions
focused on the impending fine and whether Binance could financially
manage it. Interestingly, while the company's CEO, Changpeng Zhao, was
not present, the event was attended by Richard Teng.
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