CandleFocus

Binance’s Massive Crypto Sales Spark Speculation: Secretly Paying $4.3B DOJ Fine?

The Binance cryptocurrency exchange has likely been quietly paying its $4.3 billion fine to the US Department of Justice (DOJ) through massive crypto sales. A crypto market observer discovered that Binance sold $370 million worth of BTC, $3.4 billion worth of SOL, and $230 million worth of XRP between January 1 and February 1, 2025. These sales align with the recent pullback in the crypto market and may have been executed at the peak of the January rally. The DOJ had fined Binance for violating anti-money laundering laws and not complying with US procedures. With the fine potentially paid off, analysts anticipate a turnaround for the affected cryptocurrencies and the wider market.

Related News