As part of its plea settlement, Binance had agreed to pay $4.3 billion in fines — real money, not tethers — to US regulatory agencies. The first installment of $898,618,825 is due on March 25 — that’s 30 days after the court approved their guilty plea. $1,612,031,763 is due within six months, and the final $1,805,475,575 is due within 15 months. [Sentencing memo, PDF; Bloomberg, archive]

https://davidgerard.co.uk/blockchain/2024/03/16/everybody-hates-binance-two-staff-held-in-nigeria-finding-the-cash-for-4-3b-in-us-fines/

Well, if you read this essay you would expect that something should break:

https://www.bitsaboutmoney.com/archive/bond-villain-compliance-strategy/

@uair01 Binance’s Chief Compliance Officer Samuel Lim:

“[We are] operating as a fking unlicensed security exchange in the U.S. bro.”

What if only Binance.us collapses?

@jack Binance.us is not Binance, it's a separate company/exchange/etc.

Unless you believe Binance.us and Binance are working illegally in tandem as they are often accused and extrapolate that Binance is therefore at risk of collapse because Binance.us is, the struggles of binance.us should have no significant effect on Binance as a whole.

@Gen correct binance Us is a separate company

Layoffs? https://web3isgoinggreat.com/?id=binance-reportedly-begins-layoffs

Binance reportedly begins layoffs

Crypto giant Binance has reportedly begun layoffs, according to independent crypto reporter Colin Wu, who cited several anonymous sources. The layoffs will amount to around 20% of Binance’s 8,000-person workforce, said Wu.Binance issued a statement that the firings were related to poor performance a…

Binance, oh Binance, crypto's big star
Trading coins near and far
But will it crumble, fall apart?
No way, it's too smart.