According to Conor Grogan, the head of Coinbase, who posted on X platform, Binance Corporate's Proof of Reserves (PoR) data shows that its cryptocurrency holdings include a total of $6.35 billion in assets and $3.19 billion in stablecoins, excluding off-chain cash balances or funds not in the PoR wallet. Binance is most likely to pay the Department of Justice's $4.3 billion fine in full without selling any cryptocurrency assets.

Previously, Binance and its CEO CZ admitted guilt to criminal charges of money laundering and violating US sanctions, including allowing transactions with terrorist groups such as Hamas, as part of a comprehensive agreement reached with the US Department of Justice to keep the company operating.

Binance agreed to plead guilty and pay over $4 billion in fines. CZ agreed to resign and pay a $50 million fine as part of the settlement, and he pleaded guilty in a Seattle courtroom on Tuesday. The agreement involved the participation of the US Treasury Department and the Commodity Futures Trading Commission, and ended a years-long investigation into the cryptocurrency exchange. The settlement reached through negotiations between the two parties will resolve all allegations of criminal misconduct.