Block has reached a $764 million deferred prosecution agreement to resolve a U.S. Department of Justice investigation, an amount that exceeds its third-quarter profit. The company disclosed in its 10-Q filing that it has reached an agreement in principle with the U.S. Department of Justice regarding Cash App anti-money laundering compliance issues, involving $764 million (net of prior regulatory fine credits), which surpasses its Q3 profit of $566 million. Meanwhile, its Bitcoin business gross profit dropped 50% year-over-year to $52 million due to the company proactively lowering transaction fees.