crypto lawsuit

Binance.US Grapples with Revenue Plunge, Massive Layoffs Amid SEC Battle

March 9, 2024
A deposition in December unveiled last Tuesday revealed that Binance.US suffered a significant setback, grappling with a daunting 75% decline in revenue. Compelled to undertake drastic measures, the company terminated over two-thirds of its workforce—more than 200 employees, amid its legal tussle with the U.S. Securities and Exchange Commission (SEC). Binance.US, the crypto trading platform