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Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%

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Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%

The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.

Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%

Source：CoinDesk

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Source：https://www.coindesk.com/markets/2026/11/04/jack-dorsey-s-block-faces-usd764-million-doj-settlement-as-bitcoin-profit-plunges-50