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Binance Celebrates Sixth Anniversary Amid Ongoing Layoffs and Regulatory Challenges

Binance, which recently celebrated its sixth anniversary, has reportedly laid off over 1,000 employees globally, with customer-service workers in India being heavily affected. The exchange had already announced a 20% reduction in staff on May 31, claiming it was reallocating resources. Binance's ongoing reorganization could result in the loss of more than a third of its staff, with the exchange under scrutiny in several countries and facing an investigation by the US Justice Department.

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