Jack Dorsey’s Block Faces $764 Million DOJ Settlement as Bitcoin Profit Plunges 50%
Key Highlights Block, led by Jack Dorsey, has agreed in principle to pay $764 million to resolve a Department of Justice investigation regarding anti-money-laundering compliance failures. Under the proposed deferred prosecution agreement, a criminal charge under the Bank Secrecy Act will be deferred for three years. The settlement stems from a probe initiated in 2023 ...