Binance, under the leadership of Zhao, is navigating a $4.3 billion fine, with a first installment of $900 million due by March 25. The SEC's investigation focuses on whether Binance Holdings Limited, Zhao, or any affiliates have control over BAM's Customer Assets. In a move to comply with regulations, Binance has urged prime brokers, including FalconX and Hidden Road, to conduct stricter checks to deter US investors from its platform, requesting detailed customer information to ensure compliance.