June 16 (Cointime) - Binance's US affiliate has reportedly laid off employees following allegations of violating securities laws and an asset freeze by regulators. The number and seniority of the affected employees could not be independently verified.

The legal, compliance, and risk departments were among those reportedly affected, according to anonymous sources. The SEC accused Binance and its CEO of creating Binance.US to evade securities laws, while also suing its operating company for misleading investors.

Binance.US has called the asset freeze request "unwarranted" and vowed to defend itself.