The historic Binance settlement inked with the United States Department of Justice was made known to the trading behemoth’s VIP customers beforehand according to a report from the major media house, Bloomberg.
Binance Settlement Known In-House
According to a published statement by the media outlet, Binance VIP Traders attended a luxurious private dinner during a conference in Singapore where they were informed of Binance’s impending legal turmoil, especially the $4.3 billion settlement. During the meeting which was held in the sophisticated 1880 members-only club amidst a setting of American Angus beef and Australian truffles, the attendees were split into smaller groups.
In these groups, the selected group of market makers and traders questioned top Binance executives on the legal turmoil faced by the exchange. They touched on the issue of the $4.3 billion Binance settlement and by the time the VIP traders were ready to leave, they were convinced that Binance was liquid enough to
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