The crypto exchange is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and abroad.
A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for obscure securities.
Crypto exchange Binance is cutting a big chunk of its workforce. Over 1,000 people have been fired in recent weeks, according to a person familiar with the moves.
The cryptocurrency company won early dismissal of some regulatory allegations related to its sale of more than $1.4 billion worth of a digital token known as XRP.
The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.