CZ of Binance Expresses Willingness to Invest in the U.S. If $4.3 Billion Is Repaid

Binance's Potential Investment: Changpeng Zhao, founder of Binance, expressed readiness to invest in the U.S. if the company receives a refund of the $4.3 billion paid in a 2023 settlement, which he described as a "delicate" issue.

No Formal Refund Request: Zhao clarified that he has not yet made a formal request for the refund from U.S. authorities but remains open to the possibility.

Settlement Details: Binance admitted to violating anti-money-laundering laws, leading to a $4.3 billion penalty and Zhao stepping down as CEO, with a U.S. court approving the settlement in February 2024.

Binance's Growth and Scrutiny: Founded in 2017, Binance rapidly became the largest cryptocurrency exchange, attracting regulatory scrutiny from U.S. authorities by 2021, which ultimately resulted in the significant settlement.