Binance’s US subsidiary, Binance.US, laid off nearly 50 of its staff in a short time after the lawsuit filed by the US Securities and Exchange Commission (SEC).
Binance.US, citing the litigation process initiated by the SEC, began firing staff members. According to Reuters, which is based on an insider source, the time since the SEC case has passed. Around 50 personnel in a 1-week period his job was terminated.
Among those laid off are Binance.US law, compatibility And risk in their departments employees were also included. However, the number or seniority of dismissed employees has not yet been determined. official aspect not verified. Binance.US on LinkedIn 487 employees it seems to be.
On the other hand, the news made by CoinDesk included internal documents. Dismissal operations are in the documents in question, costly And long litigation recorded as a countermeasure.
As part of this transition and to prepare for a lengthy and costly litigation process, the board has decided to downsize our teams across the company. Unlike all other US crypto companies, we were working to avoid this scenario but circumstances have now changed. It was a very difficult decision.