"Fortune": Binance.US was forced to lay off two-thirds of its staff after being sued by the SEC in June last year, with revenue dropping by 75%

ChainCatcher news, Fortune magazine reported that according to new court documents submitted on Tuesday from last December, Binance.US Chief Operating Officer Christopher Blodgett revealed that the company has been forced to lay off over 200 employees since June of last year, accounting for two-thirds of its total workforce.

In addition, Binance.US's trading volume and overall business have seen a significant decline, with the platform's revenue dropping by approximately 75% after the SEC sought a freeze on assets in June of last year.