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US seeks more than $4 bln from Binance to end criminal case - Bloomberg News

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Nov 20 (Reuters) - The U.S. Justice Department is seeking more than $4 billion from Binance Holdings as part of a proposed resolution of a years-long investigation, Bloomberg News reported on Monday, citing people familiar with the discussions.

Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said.

An agreement could resolve the probe into the company for alleged money laundering, bank fraud and sanctions violations, the report said.

A spokesperson for the Justice Department did not immediately respond to a Reuters request for comment.

Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur

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