The Department of Justice unsealed its indictment against Binance on Tuesday.
The indictment, originally filed on Nov. 14, was filed in the Western district of Washington.
The US accused Binance and Binance CEO Changpeng Zhao of violating the Bank Secrecy Act, alleging that the violations go back as far as 2017. The indictment was unsealed ahead of an expected settlement announcement to be led by the US Department of Justice.
A press conference is scheduled for 3 pm ET.