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Binance reportedly notified its top market makers in September that a settlement with U.S. regulators was on the horizon. Meanwhile, eToro CEO Yoni Assia said products like Bitcoin ETFs align with institutions’ existing modes of operation, and hackers just rounded out the most "damaging” month for crypto in 2023, according to blockchain security firm CertiK.

Binance reportedly gave top market makers heads-up about DOJ settlement
Crypto exchange Binance reportedly notified its top market makers that it was nearing its $4.3 billion settlement with U.S. regulators months before it happened.

According to Bloomberg, Binance executives held an exclusive dinner with top traders in Singapore in September, where they notified them about a tentative deal with the U.S. Department of Justice. Per Bloomberg, some Binance executives told traders that the exchange could easily afford the multi-billion-dollar settlement.

Binance executives, including new CEO Richard Teng, attended the Token2049 event in Singapore in September.

As part of Binance's agreement with the DOJ, former CEO Changpeng Zhao resigned from his post and was barred from ever serving in an executive capacity at the exchange. He currently faces a lawsuit

Source - Coin Telegraph