February 5, 2023

Cryptocurrency exchange Crypto.com cuts 20% of employees

Today, January 13, Singapore-based cryptocurrency exchange Crypto.com announced a 20% layoff across the world.This is another cut in this area after the crash of the FTX exchange that occurred in November, which negatively affected the industry as a whole. As Crypto.com CEO Chris Marszalek noted in a statement, the collapse of FTX “materially damaged confidence in the industry.” According to Coindesk, Crypto.com employs, according to various sources, from 3.5 thousand to 4.5 thousand employees, which means that the reduction will affect 700-900 people.

More details - in the material "Kommersant"