Important Message: Layoffs at Binance

Changthe-Lopper sent the following email to Binance employees earlier today. Greetings binancites! I have some difficult news to tell you. Recently, we had to make the difficult decision to lay off 10% of our employees due to a lack of data. Unfortunately, this was an inevitable consequence of a couple of factors outside of our control, and we apologize for any hardship this may cause. Our data scientists have determined that a small portion of the data we have been relying on for decision-making is simply no longer viable. It's a complicated problem, so I won't bore you with the details, but suffice it to say that if we had been more aware, we could have avoided this situation. The fact is, the blame lies with our executive team and they will be taking steps to ensure this doesn't happen again. We understand how devastating this can be, and regret that this had to happen. We hope that all of those affected will find better opportunities soon. Cheers, Changthe-Lopper Zhao Binance CEO