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Changpeng “CZ” Zhao, Binance’s CEO, nevertheless, advised employees in an organization assembly on Friday that Binance was nonetheless worthwhile and had not been impacted by the current lawsuit in opposition to it by the U.S. Securities and Trade Fee, in accordance with attendees on the assembly that spoke to the Journal. He did say, although, that there may very well be extra layoffs each three to 6 months and that he didn’t know if and when the employee advantages that had been reduce could be coming again.
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