Crypto.com will be laying off about a fifth of its workforce in a second round of layoffs within six months, citing industry-wide issues, including FTX bankruptcy, in what looks like a trying period for the once-booming sector. Although the company “grew ambitiously at the start of 2022,” the “trajectory changed rapidly with a confluence of…
Prominent Exchange and Token Issuer Crypto.com Slashing 20 Percent of Workforce
FTX Collapse Sparks Contagion Fears as Crypto.com Withdrawals Jump
November 14, 2022
admin
Business & MarketsCompaniescrypto exchangeCrypto Exchange FTXcrypto walletcrypto.comcryptocurrencyMarketsTechTech NewsUS
0 Comment
The collapse of the crypto exchange FTX has triggered fears of a potential contagion spreading in the market, with withdrawals at another exchange, Crypto.com, jumping after it admitted to making a transaction mistake. FTX, one of the largest crypto exchanges, filed for bankruptcy last week following a report by CoinDesk which revealed that the balance…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`