The Binance cryptocurrency exchange has conducted massive crypto sales this year. Binance’s actions and the nature of the sales suggest the exchange is quietly paying its DOJ $4.3 billion fine. The DOJ fined Binance for breaking the law and not complying with the procedure set out by the US.
Have #Binance paid their DOJ $4.3b fine by selling and moving crypto to #Coinbase? #Binance owed the US DOJ $4.3b in fines and had to pay in “forfeited property” by March 2025. (16 days)
Based on their Proof of Reserves from Jan 1 2025 to Feb 1 2025 their balances of $BTC,… https://t.co/86pbS8URqY pic.twitter.com/NJvUzgvEZ5
— MartyParty (@martypartymusic) February 13, 2025
Analyst Flags Binance Crypto Disposals Matching DOJ Fine Amount
A crypto market observer who noticed Binance’s secret transactions reported that the DOJ gave a deadline of March 2025 for Binance to pay the fine in “forfeited property.”
The observer analyzed Binance’s crypto sales between January 1 and February 1, 2025, and found the crypto exchange sold BTC worth $370 million, SOL worth $3.4 billion, and XRP worth $230 million. The total value of the assets Binance sold was between $4 billion and $4.3 billion.
Related: DOJ Evaluates Pros and Cons Before Deciding on Binance Charges
Binance’s 2023 DOJ Settlement: AML and Sanctions Violations
In 2023, the DOJ’s investigators revealed that Binance disregarded anti-money laundering Know Your Customer laws.
According to the DOJ, the crypto exchange did not register as a money transmitter before carrying out transactions that fall under such categories. Therefore, Binance willfully violated US sanctions tied to the International Emergency Economic Powers Act.
The DOJ stated that Binance provided a platform that allowed criminals to execute illegal transactions because of how it operated. As a result, hundreds of millions of dollars in illicit proceeds from ransomware variants, darknet transactions, and various internet-related scams moved through Binance in an attempt to avoid detection by law enforcement.
Analyst: Binance Sales Driving Recent Crypto Market Pullback
In the meantime, crypto analysts consider Binance’s recent sell-off one of the main reasons for the crypto market’s pullback after the January rally.
The observer suspects the exchange may have sold the tokens at the peak of the latest crypto rally, which aligns with the recent crypto price declines in their respective proportions.
Related: Changpeng Zhao Should Be Sentenced to 3 Years in Prison – DoJ
TradingView’s data show that Solana experienced the highest decline among the three listed tokens by losing about 40% value. However, with the fine paid, analysts expect a turnaround in the fortunes of the affected cryptos that could extend to the rest of the crypto market.
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