Binance Lays Off Employees Days After Executive Exodus
Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits.
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Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits.
Move comes a month after US regulators sued the crypto exchange and its CEO for allegedly operating a “web of deception".
The job cuts were first reported by the Wall Street Journal, which said more than 1,000 people had been let go in recent weeks.
Crypto Exchange Binance has reportedly fired nearly 36 employees in India as part of a cost-cutting and a talent restructuring drive.
On Friday, Bitcoin was trading at a new high after a legal triumph in which the cryptocurrency XRP was declared not to be a security.