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   <li><strong>Veteran crypto analyst accuses Binance of deceptive layoffs and benefit cuts.</strong></li> 
   <li><strong>Internal email reveals sudden cut of extended benefits during Bitcoin rally, raising suspicions.</strong></li> 
   <li><strong>Cochran questions where Binance’s $10B-$12B revenue was being allocated.</strong></li> 
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  <p>In another viral Twitter thread, Adam Cochran, a veteran crypto analyst, accused <a href="https://coinedition.com/tag/binance-news/" rel="noopener noreferrer nofollow">Binance</a> of deceptive practices related to their recent layoffs and sudden cut of extended benefits. Cochran’s thread questioned the company’s motives, which Binance claimed were not solely based on cost-cutting measures.</p> 
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    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">1/10<br><br>Hey <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@cz_binance</a> if your layoffs weren't about cost cutting, why on June 19th did you announce on WEA that you suddenly cut extended benefits for all employees, &amp; *tell them* it was because of "a decline in profit"?<br><br>Not exactly trust building to lie about this… <a href="https://t.co/2MvP1ZPKEG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2MvP1ZPKEG</a></p>— Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1680648344471842817?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 16, 2023</a> 
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  <p>According to Cochran’s tweets, he alleges that Binance has been laying off employees without notice, freezing internal recruitment while publicly stating they were still hiring. The analyst also shared a screenshot of an internal email that showed Binance had cut ex…</p> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-faces-allegations-of-deceptive-layoffs-and-employee-benefit-cuts/">Binance Faces Allegations of Deceptive Layoffs and Employee Benefit Cuts</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>
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Binance Faces Allegations of Deceptive Layoffs and Employee Benefit Cuts

Coin Edition

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