- Binance is planning to lay off 1,500 to 3,000 employees due to an ongoing Justice Department investigation.
- If Binance settles allegations, it could result in a multi-billion dollar payment; allegations include anti-money laundering violations and sanctions evasion.
- Despite facing significant regulatory challenges and executive departures, Binance CEO, Changpeng Zhao, dismisses concerns about the future of the exchange.
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