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US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC
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US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC

A US court has imposed a $2.7 billion fine on Binance and a $150 million fine on Changpeng Zhao for violating the Commodity Exchange Act and CFTC regulations.

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