Cointime

Cointime

Download App
iOS & Android
Home / Financing

Binance.US Reportedly Lays Off 50 Staff Members in Legal, Compliance, and Risk Departments

June 16 (Cointime) - Binance.US has reportedly laid off approximately 50 employees in its legal, compliance, and risk departments, according to sources. The company has not officially announced the staff cuts.

The news comes after Binance's global, non-US company allegedly cut its staff by 20% in May, although Binance CCO Patrick Hillman has suggested the actual number of layoffs could be as low as 5%. The layoffs at Binance.US follow charges filed by the US Securities and Exchange Commission against the company.

Binance.US Layoffs
Comments

All Comments

Recommended for you

  • Amazon to invest an additional $4 billion in Anthropic, OpenAI's rival

     Amazon is deepening its cooperation with Anthropic and will add an additional $4 billion investment to the company. In September of this year, Anthropic, an artificial intelligence startup, was seeking a new round of financing with a valuation of up to $40 billion. Anthropic was founded by former OpenAI executives in 2021 and focuses on creating interpretable, secure, and controllable artificial intelligence systems. The company's flagship AI model, Claude, operates based on "Constitutional AI," which uses predefined principles to guide its output, avoiding some erroneous or discriminatory output reactions.

  • Crypto wallet Deblock completes approximately $16.8 million in seed round financing

     Deblock, a cryptocurrency wallet created by former Revolut and Ledger executives, has raised an additional £13.3 million (approximately $16.8 million) in seed funding, as reported in documents submitted to the UK Companies House this month. Primary investors in this round of funding include Headline, Hoxton, 20VC, and Chalfen, according to documents filed in October. Sifted previously reported that the startup had quietly raised €12 million last year. Deblock was founded in August 2022 by former Revolut cryptocurrency chief Jean Meyer, payment chief Aaron Beck, and former Ledger engineering chief Mario Eguiliuz.

  • Stablecoin infrastructure platform Noble receives $15 million in Series A funding led by Paradigm

    stablecoin infrastructure platform Noble has completed a Series A financing round led by Paradigm, raising $15 million. Noble has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium, and currently manages assets worth more than $458 million.

  • 0G Labs Completes $40 Million Seed Round and Receives $250 Million Token Purchase Commitment

    Zero Gravity Labs (0G Labs or 0GL), a startup company in the field of cryptocurrency and artificial intelligence, announced that it has raised $290 million in new financing. This includes $40 million in seed funding raised by the laboratory and a $250 million token purchase commitment received by the 0G Foundation (an independent management organization of the 0G protocol).

  • Crypto entertainment platform BetHog completes $6 million seed round of financing

    cryptocurrency sports and entertainment platform BetHog announced the completion of a $6 million seed round of financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, and others. BetHog was founded by Nigel Eccles and Rob Jones, co-founders of FanDuel, and is built on the Solana blockchain, with SOL as the support token for PvP games. In addition, BetHog also supports betting with Bitcoin, Ethereum, and USDT.

  • StakeStone Completes $22 Million Financing, Led by Polychain Capital

    Ethereum liquidity collateral protocol StakeStone announced the completion of a $22 million financing round, led by Polychain Capital. This financing round includes strategic investments from Binance Labs and OKX Ventures, seed round financing led by SevenX, and participation from Nomad Capital, HashKey Capital, and others.

  • Hong Kong venture capital group The Z Label has completed a HK$90 million financing and plans to use blockchain and other new technologies to empower its products

    Hong Kong venture group The Z Label announced the completion of a HKD 90 million financing round, led by Beyond Ventures. The new funds will be used to create innovative consumer products for the global Z generation, utilizing new technologies such as artificial intelligence (AI), big data, spatial computing, and blockchain to find early market fit. The company will also combine technology research and development with cross-industry collaboration to drive enterprise incubation and industry innovation.

  • Decentralized AI orchestration platform Naptha AI completes $6 million Pre-Seed round of financing

    decentralized, multi-agent AI orchestration platform Naptha AI announced the completion of a $6 million Pre-Seed round of financing, led by Arche Capital and Cyber Fund, with participation from Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital, and others.

  • Ellipsis Labs Completes $20 Million in New Funding

    Ellipsis Labs has announced the completion of a new round of financing of $20 million, with participation from Haun Ventures, aimed at accelerating the launch of Atlas, a second-layer blockchain focused on verifiable finance. Haun Ventures said that this round of financing is a "quick follow-up" to Ellipsis Labs' $20 million Series A financing completed in April.

  • Blockchain solar company Glow completes $30 million in funding

    blockchain solar energy company Glow has completed a $30 million financing round, led by Framework Ventures and Union Square Ventures. Other specific information has not been disclosed. According to reports, Glow operates a decentralized physical infrastructure network (DePIN) composed of solar farms in the United States and India. To encourage farms on its network to use clean energy, the founder designed an economic model based on subsidies and token incentives.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company