Block, the payments company owned by Jack Dorsey, has agreed in principle to pay $764 million to the U.S. Department of Justice to resolve an investigation into its anti-money laundering controls. The proposed deal would defer prosecution for three years, subject to compliance with imposed obligations and court approval. Its gross amount is approximately $964 million, while credits tied to earlier regulatory resolutions reduce the expected net payment. At the same time, Block’s Bitcoin ecosystem gross profit fell 50% to $52 million because of lower fees on certain transactions. Block nevertheless reported total gross profit of $3.24 billion for the third quarter and raised its 2026 gross profit forecast to $12.63 billion.
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