The prosecutors claimed that the huge penalty was appropriate given the severity and intentional nature of the crime.

Do Kwon will be staying in Montenegro for another two months before extradition, while Bankman-Fried's lawyer calls him the worst person in cross-examination.

Zhao will have to remain in the United States until his sentencing due to a claimed high flight risk. And Do Kwon might soon be extradited from Montenegro and join CZ in the U.S.

Despite the recent agreement between Binance and several U.S. authorities, the SEC is still targeting Binance.US for alleged FTX-style fraud.

The court of Montenegro has approved the extradition of the former Terraforms Labs CEO. The Minister of Justice has yet to decide which country will get him.

The settlement might have been the best possible outcome for the exchange: no bank run, no more compliance issues, a fresh start. Meanwhile, the potential outcome for CZ is to be kept in the U.S. until his sentencing hearing.

The exchange reached a resolution with U.S. authorities which will see it remain in business, although CZ has stepped down as CEO.

As the Binance vs SEC hearing lumbers on, the parties struggle to agree on discovery requests and dispositions, and Circle was admitted as a 'friend of the court'.