CZ: Binance's $4.3 Billion Fine Will Be Used for Investment in the U.S. if Refunded, No Application Filed Yet

On November 17th, the founder of Binance responded on social media to the question of whether the $4.3 billion fine in the Binance case would be refunded. He said, "This is a rather sensitive issue. I'm already extremely grateful to have been exempted. Now it's a matter of finding a balance between 'asking for more' and 'what is fair' and 'cherishing what has been obtained.' " "If Binance is able to obtain any refunds, we will also reinvest this money back in the United States as a sign of our gratitude. I don't think Binance has officially made a request yet." Previously reported, in November 2023, Binance announced a resolution with U.S. regulatory agencies regarding 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 this is related to transactions with U.S. users and part is related to transactions involving Iran and will be paid at specific times after the judgment. The total amount of the forfeiture is $43.68 billion.