- Veteran crypto analyst accuses Binance of deceptive layoffs and benefit cuts.
- Internal email reveals sudden cut of extended benefits during Bitcoin rally, raising suspicions.
- Cochran questions where Binance’s $10B-$12B revenue was being allocated.
In another viral Twitter thread, Adam Cochran, a veteran crypto analyst, accused Binance 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.
1/10Hey @cz_binance 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, & *tell them* it was because of "a decline in profit"?
Not exactly trust building to lie about this… pic.twitter.com/2MvP1ZPKEG
— Adam Cochran (adamscochran.eth) (@adamscochran) July 16, 2023
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…
The post Binance Faces Allegations of Deceptive Layoffs and Employee Benefit Cuts appeared first on Coin Edition.
The post Binance Faces Allegations of Deceptive Layoffs and Employee Benefit Cuts appeared first on Coin Edition.