Binance.US Cut Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.


“In the immediate aftermath of the TRO, we saw somewhere in the neighborhood of $1 billion of assets flee the platform, crypto, and fiat,” Christopher Blodgett, a Binance.US executive, said during a December 2023 deposition that was recently published as part of a status update on the SEC-Binance lawsuit.


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