The crypto exchange plans to cut 1,500 to 3,000 workers total, a current employee familiar with the company's plans told CNBC.

  • Binance plans to lay off between 1,500 and 3,000 employees through the year in response to an ongoing Justice Department probe, a current employee familiar with the company’s plans told CNBC. A company spokesperson disputed the higher number.

  • The company has already laid off 1,000, the Wall Street Journal reported earlier on Friday, and this number is part of the total, CNBC’s source said.

  • Binance has been charged by both the SEC and CFTC with various securities and commodities violations, while founder Changpeng Zhao has downplayed concerns.