As U.S. regulators continue to sniff around Binance, the world’s largest crypto exchange is prepared to pay monetary penalties to “make amends” for past regulatory violations, according to The Wall Street Journal.

Binance Chief Strategy Officer Patrick Hillmann told The Journal on Wednesday that the exchange grew quickly and was not initially aware of the myriad laws and regulations designed to prevent money laundering, sanctions evasion, and corruption. Because of that, Hillman said that Binance expects to face fines – and is “working with regulators to figure out what are the remediations we have to go through now to make amends for [past violations].” (Coindesk)

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