Binance.US downsizes staff amid SEC lawsuit and potential criminal charges.
TL;DR Summary
Binance.US has laid off part of its staff after the SEC filed lawsuits against both entities, citing a "very costly litigation process." The SEC sued Binance.US, along with Binance and founder and CEO Changpeng "CZ" Zhao on allegations of offering unregistered securities to the general public. About 50 positions were cut, according to a report from Reuters.
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