July 14 (Reuters) - Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday. "As we continuously strive to increase talent density, there are involuntary terminations. The numbers reported by media are all way off," Binance CEO Changpeng Zhao tweeted, adding that the exchange is "still hiring." Last month, the Securities and Exchange Commission (SEC) sued Binance and Zhao for allegedly operating a "web of deception." Last week, a string of executives quit Binance, which included its Chief Strategy Officer Patrick Hillmann.

Source: Wall Street Journal July 14, 2023 16:52 UTC