Binance lays off thousands amid regulatory scrutiny

Binance, the largest crypto exchange, has laid off over 1,000 employees in recent weeks.
The job cuts follow executive departures and investigations by the SEC and DOJ.
The SEC has sued Binance and its CEO over alleged misconduct.
The DOJ is probing Binance for possible violations that may lead to large fines.
The layoffs aim to keep Binance agile amid ongoing legal challenges.