contagion

Cryptocurrency lending platforms have been hit hard as the contagion spreads

The crypto lending industry, which has given borrowers billions of dollars in just the past few years, is facing its biggest crisis yet as some of its leading companies collapse. Genesis Global Capital, which has committed $130 billion in 2021, filed for bankruptcy last week and joined BlockFi Inc., Celsius Network and Voyager Digital among …

Cryptocurrency lending platforms have been hit hard as the contagion spreads Read More »

Crypto.com lays off 20% of staff as FTX contagion deepens

Crypto.com will lay off 20% of its corporate workforce, or nearly 1,000 people, to adapt to current market conditions, CEO Kris Marszalek said in a tweet on Friday. Company executives notified affected employees of the job cuts “as part of structural changes,” becoming the latest digital asset store to cut headcount. Employees have been told …

Crypto.com lays off 20% of staff as FTX contagion deepens Read More »