The staff cut and departure comes amid legal action from United States regulators.
Magic Eden Lays Off 22 Staff as Part of Company-Wide Restructuring
ConsenSys slashes headcount 11% as chief economist reveals formula for adoption
ConsenSys CEO Joseph Lubin confirmed the company would be cutting 96 of its staff to focus its resources on its core businesses.
Crypto.com CEO announces 20% staff cut, ‘did not account’ for FTX collapse
“While we continue to perform well, growing to more than 70 million users worldwide and maintaining a strong balance sheet, we’ve had to navigate ongoing economic headwinds and unforeseeable industry events. “
Doubts mount over Huobi’s future as harsh layoff rumors denied
Canceled bonuses, pay disputes, massive layoffs and a communication blackout has been claimed as part of the goings-on at the crypto exchange.