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Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia's crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO (Norman Harsono/Bloomberg)

Photo of Grace Will Grace Will December 20, 2022
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Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia's crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO (Norman Harsono/Bloomberg)
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Norman Harsono / Bloomberg:

Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia’s crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO  —  Binance Holdings Ltd.’s Indonesian unit is cutting jobs and replacing its top executive after the parent company took nearly full control over it.



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