Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves

Article Micah Zimmerman Wednesday, 4 November 2026

Bitcoin Magazine

Block agreed in principle to a $764 million deferred-prosecution deal over anti-money-laundering failures at Cash App, a sum that exceeds its $566 million Q3 profit, while bitcoin gross profit fell 50% after the company cut trading fees.

This post Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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