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Another major cryptocurrency exchange has announced internally that it will be laying off more than 1,000 workers, which is about 30% of its workforce.
An independent examiner should probe "allegations of fraud, dishonesty, incompetence, misconduct, and mismanagement," the Justice Department said.
The crypto market has spent 2022 in a steady decline. Here's how a recent string of bankruptcies will continue affecting prices.
Market turmoil caused by the crypto winter is strengthening the case for many institutional investors to use traditional regulated exchanges as their first route into digital assets.
When asked if FTX's downfall played a role in Kraken's layoffs, a company spokesperson told Insider that the firm had "no material exposure" to FTX.