Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
"Fortune": Binance.US laid off 2/3 of its employees after the US SEC lawsuit, and revenue plummeted by 75%

"Fortune": Binance.US laid off 2/3 of its employees after the US SEC lawsuit, and revenue plummeted by 75%

CointimeCointime2024/03/06 00:08
By:Cointime

The US Securities and Exchange Commission (SEC) previously filed a lawsuit against Binance. In a court document from December of last year released on Tuesday, Binance.US Chief Operating Officer Christopher Blodgett revealed that due to the SEC's actions, Binance.US has had to lay off more than 200 employees since June of last year, equivalent to two-thirds of its total workforce.

"Trading volume and overall business of Binance.US have collapsed," said Christopher Blodgett in his testimony, pointing out that the platform's revenue has dropped by about 75% since the SEC sought a freeze on assets in June of last year.

A Binance.US spokesperson did not immediately respond to a request for comment.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!