The Department of Justice unsealed its indictment against both Binance and CEO Changpeng Zhao on Tuesday.
The indictment — originally filed on Nov. 14 — contained details matching prior Blockworks reporting, including that Binance was facing a fine of around $4 billion.
Later Tuesday, the heads of the DOJ, Treasury Department and the CFTC will hold a press conference on “significant” crypto enforcement actions, though the DOJ has not confirmed that it will specifically be about Binance.
In follow-up documents, the DOJ detailed the plea deal taken by both Binance and Zhao.
Zhao’s plea agreement
As first reported by the Wall Street Journal, Zhao has agreed to step down as chief…
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