Dec 02, 2023 07:22 PM

FINANCE

Binance’s VIP Traders Got Sneak Peek of Record U.S. Crypto Penalty

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Photo: Bloomberg

Photo: Bloomberg

(Bloomberg) — As the contours of Binance Holdings Ltd.’s multibillion-dollar settlement with U.S. authorities coalesced in September, some of its biggest traders who were in Singapore attending a conference got a preview.

The bottom line, served alongside a haute, Binance-hosted private dinner in a bustling nightlife district: the largest crypto exchange in the world would survive its American legal troubles.

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