Magic Eden Lays Off 22 Staff as Part of Company-Wide Restructuring
Magic Eden Lays Off 22 Staff as Part of Company-Wide Restructuring Original Source
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Lays
Crypto Services Company Prime Trust Lays Off One-Third of Staff
Last week, Prime Trust said it would be suspending business operations in Texas by Jan. 31 after withdrawing its applications to receive a money transmitter license (MTL) in the state. The company declined to comment at the time on why the application was withdrawn, but public records show Prime Trust
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U.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTX
Included in the property are over 55 million Robinhood shares worth about $525 million. Bought with borrowed Alameda money, those shares were at the center of a fight between Bankman-Fried, FTX Group and BlockFi. Officials are also moving to claim $171 million in cash from a series of bank accounts
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DeFi Protocol Sushi Lays Out 2023 Plans With Focus on DEX and User Experience
The move comes after Sushi's chief technology officer, Matthew Lilley, said in a tweet thread on Jan. 3 that two of its products – the Kashi lending platform and MISO, a launchpad for external tokens – would be shuttered because of low public interest and the significant effort that went
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Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry’s Cruel Winter Continues
“The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year,” said a Blockchain.com representative via email. “To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company." Source
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Crypto asset manager Osprey Funds lays off most of its staff: Report
Digital asset manager Osprey Funds has reportedly laid off most of its staff since the summer, underscoring the ongoing operational challenges posed by crypto’s enduring bear market. Yahoo Finance reported on Jan. 9 that Osprey Funds is currently operating with fewer than ten employees after laying off 15 staff members since
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Crypto lender Genesis lays off 30% more staff: Report
Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months.According to a Jan. 5 Wall Street Journal report, Genesis reduced its staff by 30% following the platform suffering losses from loans to Alameda Research and Three Arrows Capital.
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Crypto Lender Genesis Lays Off 30% More of Its Staff
“As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally,” a Genesis spokesperson said in a statement. “These measures are part of our ongoing efforts to move our business forward. We sincerely appreciate the hard work of our talented and dedicated
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Near Project’s Octopus Network lays off 40% of its staff amid crypto winter
Octopus Network, a decentralized app chain network natively built on NEAR Protocol, has announced that it will be “refactoring” to adapt to current market conditions. As part of its refactoring process, Octopus network will let go of roughly 40% of its team, which accounts for 12 out of 30 members. The
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Amber Group Terminates Sponsorship Deal with Chelsea FC, Lays Off 40% Staff
Amber Group has halted its sponsorship deal with Chelsea and is looking to downsize its workforce as the crypto winter bites hard.Amber Group has reportedly terminated its $25 million sponsorship deal with Premier League football club Chelsea FC. The Singapore-based crypto trading firm views the severance of this business relationship with
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