this post was submitted on 14 Jul 2023
6 points (100.0% liked)

TeCHnology

519 readers
1 users here now

Technology discussion for Switzerland. This community shall discuss various topics of technology in and around Switzerland.

founded 2 years ago
MODERATORS
_Frog@feddit.ch
6
Binance lays off employees days after executive exodus (www.reuters.com)
submitted 2 years ago by _Frog@feddit.ch to c/technology@feddit.ch
0 comments fedilink hide all child comments
 

Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday.

The layoffs at the world's biggest crypto exchange come at a time when the industry's future in the U.S. market is uncertain, with regulators aggressively clamping down on what they deem are illegal activities.

Last month, the Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao for allegedly operating a "web of deception." Binance has said it would defend itself "vigorously."

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here