The American affiliate of Binance Holdings has laid off an unspecified number of employees. The crypto firm is preparing for legal battle with US regulators. The exchange was targeted by the Securities and Exchange Commission last week alongside Binance Holdings Ltd., operator of the much larger crypto venue Binance.com, for allegedly mishandling customer funds, misleading investors and regulators, and breaking securities rules. The companies have disputed the allegations. Su Keenan reports on Bloomberg Television.
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