Crypto exchange Binance denies rumours of 20% staff cut

Leading blockchain and cryptocurrency platform Binance has responded to rumours about the company cutting its staff by 20 per cent.

Binance, which employs about 8,000 people, reportedly laid off 20 per cent of its workforce, with speculation pointing to the current general crypto market conditions.

The company’s CEO Changpeng Zhao, on the other hand, dismissed the ongoing rumours, calling it FUD (fear, uncertainty, doubt), reports crypto.news.