The recent DOJ and CFTC/FinCEN/OFAC enforcement actions against Binance require the company to operate under two independent corporate monitors and to foot the expected $100 million+ bill for these monitorships. Other recent crypto cases, including Celsius, also involve independent corporate monitors. DOJ and CFTC law enforcement heads and experienced practitioners discuss how these monitors work, the circumstances under which they are imposed, and how to select and work constructively with a monitor, if one is required.
