Crypto.com, a trading platform, is cutting its global workforce by around 20%. This follows the recent crisis in the sector of digital assets.
Before the market crashed, dozens of traders from the London crypto hedge fund were millionaires.
Wintermute paid $83m to its UK employees in 2021, which included $22.5m to one director.
In the cryptocurrency world, nobody wants to become the ‘next FTX’
Sam Bankman-Fried, clean-shaven in a blue suit and dressed in a white shirt, listened to his lawyer pleads not guilty to the alleged “epic” fraud in New York.
As the industry slump continues, Huobi, a crypto exchange, will lay off 20% of its staff
The company said that it will lay off approximately 20% of its employees at the crypto exchange Huobi. This is the latest indication of drastic cost-cutting in the sector as
Crypto-focused bank Silvergate bank forced to fire 40pc of staff as FTX fallout deepens
Silvergate, a crypto-focused bank, is set to reduce 40% of its staff in response to the crisis in digital asset sectors sparked by Sam Bankman-Fried’s collapse.