Crypto giant Binance’s US affiliate fires staff after SEC charges -sources

Binance.US has reportedly laid off employees in its legal, compliance and risk departments following last week’s SEC charges, according to sources. One informant said that around 50 people were dismissed, but the exact figure remains unverified. The SEC accused Binance.US and its CEO of violating securities laws by misleading investors. It has also sought to freeze Binance.US’ assets of over $2.2bn, citing concerns that they might move offshore. Two Binance.US employees on LinkedIn referred to a “round of layoffs”. Binance says it will defend itself.