US vs. Binance: How the $4 billion fine and Zhao's departure will affect the market. How Binance's record fine and Zhao's departure will affect the cryptocurrency market The US authorities and the largest crypto exchange Binance reached a pre-trial settlement: the head of the exchange admitted guilt and resigned, and the platform itself will pay $4.3 billion fine. The amount of the fine is one of the largest ever levied in a criminal case in the United States. According to the statements of the US Department of Justice, Binance has become a leader in the crypto market, including at the expense of the crimes committed. The agency said in a statement that the exchange's employees were aware of the company's service to thousands of customers in sub-sanctioned states, and were also aware that making transactions between customers from such countries and US citizens would violate laws. 😀 😀 😀