Just now, the Wall Street Journal said "Binance is currently undergoing large-scale layoffs!"

Zhao Changpeng: "I don't admit it, and I didn't lay off any employees! Fake news"

A news article titled "Binance Lays Off More Than 1,000 Employees" was released by the Wall Street Journal. The article mainly said that due to legal investigations by the U.S. Securities and Exchange Commission (SEC) and other regulatory challenges, the cryptocurrency exchange Binance has laid off more than 1,000 employees worldwide in recent weeks.

Our CEO Zhao also tweeted to slap the Wall Street Journal: "We are still recruiting"

The core of this incident

  1. The credibility of the Wall Street Journal is not high. In addition to Zhao Changpeng’s reply this time, Yijie also said before that Binance is recruiting people. Our author Yingge also said that Binance currently has many positions open!

  2. From now on, it seems that Binance layoffs are fake, and some people want to use public opinion to suppress Binance. Recently, Binance should have also split its US site. Binance's official website is Binance.com, but just last week, the website stopped the permission for US ID to log in. Currently, US users can only log in to Binance.US, which is Binance's US site.

3. Each step seems unrelated, but in fact, it is a further suppression of Binance. This year, the US has been making unreasonable advances. It is said that it is just coveting the crypto market.

Their purpose

Their approach and purpose are very direct. First, they suppress you through policies, then the regulatory authorities investigate you, and finally, they use news media to guide the public to resist you!

What benefits do they get from doing this?

The United States has been planning to launch an exchange, but before that, the mountain of Binance was insurmountable. Before that, FTT, the second brother that thought it was very powerful, was wiped out without a trace before it could stand up. The only way is to brainwash the public through the media and launch its own exchange.

But I believe in Binance! With the development over the years, Binance's ecosystem is becoming stronger and stronger. Now Binance's 6th anniversary event is also being held enthusiastically. In addition, Binance has a lot of plans in the second half of the year. Seize the opportunity!

I am Chinese Dili, and I will work with you to create Web3.0!