Binance US' 75% Loss Leads to Massive Layoffs

Binance US, the US-based entity separate from its global parent company, has announced a significant reduction in its workforce. Approximately 200 employees will be laid off, representing two-thirds of its staff. This decision follows actions taken by the Securities and Exchange Commission (SEC) last year, as reported by Coindesk. Financial Impact and Legal Challenges According to a recent court filing, the crypto exchange revealed that it experienced a significant outflow of assets totaling $1 billion from its platform following the SECs temporary restraining order (TRO). This...

source: https://tokenpost.com/Binance-US-75-Loss-Leads-to-Massive-Layoffs-11367

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.

Published by: Book Club