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"I remain as confident as ever in our business and in the future of crypto, but I recognize we have a lot of work to do to help restore trust in the industry. It will take time, but we will get it
Digital-asset exchange Crypto.com is reducing its global workforce by about 20%, the latest retrenchment in the sector following a collapse in virtual-coin prices.
The agency has charged the crypto trading firms Genesis Global Capital and Gemini with operating an illegal lending service that lost customers millions.
Crypto.com will be laying off about a fifth of its workforce, in a second round of layoffs within six months, citing industry-wide issues, including FTX bankruptcy, in what looks like a trying period for the once-booming sector.
Crypto.com price hovers near uncollected liquidity from 2020. Key levels have been defined to determine if bears have the potential to shake out long-