Bitcoin Magazine reports that Block (XYZ), led by Jack Dorsey, has agreed to a $764 million deferred-prosecution settlement related to anti-money-laundering issues at Cash App. This amount surpasses the company's Q3 profit of $566 million. Additionally, Block's Bitcoin gross profit has decreased by 50% following a reduction in trading fees.
Based on the Bitcoin Magazine report; not independently verified.
Source published: Wed, 04 Nov 2026 18:11:38 +0000
[Read the original report](https://bitcoinmagazine.com/news/block-xyz-sets-aside-764-million)
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