Binance US CEO resigns as one-third of staff is laid off

Binance US CEO Brian Schroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, a company spokesperson said.

The departure comes as the company is conducting a second round of layoffs, cutting about a third of its staff, or more than 100 positions, as regulatory crackdown undermines its business.

Binance Holdings has been shedding executives and other employees in recent months as well. This month, two executives overseeing regions including Eastern Europe and Russia left. In August, Binance lost its Asia-Pacific’s head and in July, a slew of executives including its chief strategy officer.

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Another INSURRECTION in America #insurrection #civilwar #capitolhill


$1.5 Trillion Dollars worth of White Gold found in supervolcano on
Nevada-Oregon border

“Lithium”💥

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Malaysia will take a tougher stance to recover more funds from Goldman Sachs if the US investment bank continues to refrain from engaging with Putrajaya about repatriating funds stolen from 1Malaysia Development Bhd (1MDB), says Datuk Seri Anwar Ibrahim.

The Prime Minister said the money must be returned for people’s education, public healthcare and basic amenities.

“We are not some banana republic that you can plunder and leave.

“I will be in the United States next week and we hope to find an amicable solution to this issue,” he said during a talk during the 10th Annual Asia Summit here on Wednesday (Sept 13).

He said that the investment community was aware how the scandal has caused the Malaysian economy to suffer.

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