Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, Reuters reported. The layoffs at the world's biggest crypto exchange come at a time when the industry's future in the U.S. market is uncertain, with regulators aggressively clamping down on what they deem are illegal activities. “As we continuously strive to increase talent density, there are involuntary terminations. This happens in every company. The numbers reported by media are all way off,” Binance CEO Changpeng Zhao tweeted, adding that the exchange is “still hiring.” Last month, the Securities and Exchange Commission sued Binance and Zhao for allegedly operating a “web of deception.” Binance has said it would defend itself vigorously. Last week, a string of executives quit Binance, which included its Chief Strategy Officer Patrick Hillmann. (Subscription required.)
