In Brief DOJ selects FRA to monitor Binance after its guilty plea. FRA chosen over Sullivan & Cromwell due to FTX ties. Binance must pay $4.3 billion penalty; CEO sentenced. The US Department of Justice (DOJ) has selected the consulting firm Forensic Risk Alliance (FRA) to oversee Binance. This development follows Binance’s guilty plea to…
Read more
The company and its executive have not been charged with wrongdoing. Bloomberg reported on May 5 that the U.S. Department of Justice (DOJ) is investigating whether Binance violated Russian sanctions. The DOJ’s national security division will specifically investigate whether Binance or its executives violated sanctions in connection with Russia’s invasion of Ukraine. Various assents of…
Read more
