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The US Department of Justice is looking for $4 billion from Binance as settlement over the prolonged investigations against the crypto exchange. Bloomberg says in a report that talks between the DOJ and Binance have been ongoing for a while and could end within weeks. The US government is reportedly seeking over $4 billion from Binance , the world’s largest cryptocurrency exchange by trading volume, in order to settle the criminal investigation against it.  The US Department of Justice and Binance have held discussions over this, Bloomberg News said in a report published on Monday. The US Justice Department is seeking more than $4 billion from Binance as part of a proposed resolution of a years-long investigation into the world’s largest crypto exchange https://t.co/T3jDuKygLF — Bloomberg Crypto (@crypto) November 20, 2023 Per the report, the DOJ will want Changpeng Zhao’s crypto behemoth to pay the colossal amount as part...

ConsenSys founder Joseph Lubin has been named in a new lawsuit filed in New York by over two dozen former ConsenSys employees. Over two dozen former employees of Ethereum infrastructure firm ConsenSys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claims he diluted employee equity shares against earlier promises. The former staff allege that Lubin — who is also a co- founder of Ethereum — breached this “no-dilution promise” made in 2015, according to the plaintiff’s Oct. 19 filing in a New York Supreme Court. The plaintiffs allege Lubin lured in “smart and motivated” colleagues to work for ConsenSys in late 2014, claiming the firm would become the “future of cryptocurrency” and the “crypto Google.” Around that time, Lubins allegedly stated in a document that he wouldn’t dilute employee equity shares; the plaintiffs allege he later broke that promise. “It is my intention that the percentage ConsenSys members receive will not be diluted by additio...