Binance.US CEO out as crypto exchange slashes third of its workforce

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Binance.US CEO out as crypto exchange slashes third of its workforce
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Cryptocurrency giant Binance's U.S. arm has let go a third of its workers and CEO Brian Shroder is no longer on the payroll as it struggles following a crackdown from regulators.

O'Leary Ventures Chairman Kevin O'Leary discusses his plans to build an oil refinery and reacts to the SEC's lawsuits against crypto exchanges Binance and Coinbase on"The Claman Countdown."

on Wednesday that U.S. CEO Brian Shroder is no longer with the company and more than 100 employees have been let go, blaming the layoffs on actions taken by the Securities and Exchange Commission earlier this year.

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