Binance.US CEO exits as crypto exchange lays off 100 staff

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In 50 Words: Binance.US CEO exits as crypto exchange lays off 100 employees

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In 50 Words: Binance.US CEO exits as crypto exchange lays off 100 employees

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Binance.US has laid off around 100 employees, or one-third of its workforce. Its CEO, Brian Shroder, has also left the crypto firm and has been replaced on an interim basis by chief legal officer Norman Reed. The developments come as Binance.US faces a lawsuit from the US Securities and Exchange Commission.

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