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The US CFTC fined Binance's former Chief Compliance Officer $1.5 million, marking the first time that personal responsibility has been pursued for compliance executives.

According to BlockBeats news on November 22nd, Caroline Pham, a commissioner of the US Commodity Futures Trading Commission (CFTC), stated that in addition to fines for Binance and CZ, if the proposed settlement plan is approved by a federal judge, Binance's former chief compliance officer Samuel Lim will also pay a fine of $1.5 million and be banned from serving as an unregistered futures broker or operating any illegal cryptocurrency derivative platform. Caroline Pham stated that this is the first time that the CFTC has held individual responsibility for compliance executives.
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Nigerian officials once requested a $150 million payment in cryptocurrency to resolve Binance's issues in Nigeria.
CZ's criminal trial has been finalized. Apparently, the 161 letters of support played a big role in the verdict. He was eventually sentenced to 4 months in prison.
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