Binance.US Has Laid Off Majority of Its Staff and Suffered Blows to Revenue Due to SEC Lawsuit: Report
Binance’s US arm is reportedly downsizing amid legal challenges with federal securities regulators. In June, the U.S. Securities and Exchange Commission (SEC) filed 13 charges against Binance and its founder Changpeng Zhao for allegedly selling unregistered securities, misleading investors about security protocols and mishandling customer funds. Binance.US, which operates under BAM Trading, is also accused...