The Binance exchange notified major traders and market makers about the deal with the US Department of Justice back in September 2023. This is reported by Bloomberg with reference to their sources.
According to the publication, the meeting between VIP clients and the company’s management took place as part of a conference in Singapore. Instead of the now former CEO of the company, the new head of Binance, Richard Teng, was present at the dinner.
The event took place in the exclusive club “1880”. During the discussion, the figure of $4 billion was repeatedly mentioned, while guests were assured that the platform would be able to “easily” pay off such a fine and maintain its position in the market, the publication claims.
In a comment to Bloomberg, a company representative said that there were “inaccuracies” in the description of the event. But what exactly we are talking about is unknown at the time of writing.
It is noteworthy that the publication’s note does not contain the name of the conference during which the dinner with VIPs took place. However, it is known that in September 2023, the new CEO of Binance traveled to Singapore for the Token2049 summit.
Taking this into account, it can be assumed that the meeting took place between September 13 and 14, 2023. Let us recall that the court hearing in the case of Binance and its former head Changpeng Zhao took place more than two months later – on November 21, 2023.
Source: Cryptocurrency
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