Binance reported that key senior executives left leadership positions and 1,500 employees were laid off. American regulators are conducting investigations that could lead to criminal prosecution of the exchange’s chairman, Changpeng Zhao, and billions of dollars in fines.

We even talk about executives’ desire for Zhao to resign as CEO and chairman of the board. All this is being done because if Binance collapses, the entire crypto industry will suffer: serious liquidity problems will begin and the value of coins will decrease. If Binance is replaced by other crypto exchanges, it seems unlikely that the company will return to the market.

Source: Ferra

Previous articleGoogle allows site owners not to share data when training AI Applications20:01 | September 29, 2023
Next article‘God does not exist and did not create the Universe’: Global debate sparked by Stephen Hawking
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


Please enter your comment!
Please enter your name here