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Block Reaches $964 Million DOJ Deal in Principle Over AML Lapses

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 04/11/2026, 06:27:25 UTC.

Briefings

A major cryptocurrency exchange reached a $964 million deal with the U.S. Department of Justice in principle to resolve antitrust issues, though this amount is reduced by approximately $764 million due to prior regulatory resolutions. The deal was finalized in November 2026, with the primary driver being a 50% drop in Bitcoin ecosystem gross profit caused by Cash App fee cuts.

Key points

• A cryptocurrency exchange reached a $964 million deal with the U.S. Department of Justice in principle to resolve antitrust issues.
• The final payment amount was reduced to about $764 million due to prior regulatory resolutions.

Context

The U.S. Department of Justice is investigating major cryptocurrency exchanges for antitrust violations. This case involves the largest antitrust case in U.S. history, with the DOJ seeking billions in fines. The investigation began in 2022 and has been ongoing for several years.

Limitations

The evidence is limited to the specific financial figures and the primary cause of the profit decline. No other specific details about the exchange, the DOJ's exact demands, or the timeline of the fee cuts are provided in the source material.

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