Cryptocurrency exchange Swyftx will lay off nearly half its staff

Local media here in Australia with the report:

• Australian cryptocurrency exchange Cryptocurrency Exchange Cryptocurrency or crypto exchanges are defined as an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. A crypto exchange is in many ways similar to a generalized financial exchange, which functions to both permit and encourage the buying and selling of cryptos. Such activities are accomplished by producing a stable trading environment that is suitable for traders operating in different locations around the world. A crypto exchange may also b Cryptocurrency or crypto exchanges are defined as an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. A crypto exchange is in many ways similar to a generalized financial exchange, which functions to both permit and encourage the buying and selling of cryptos. Such activities are accomplished by producing a stable trading environment that is suitable for traders operating in different locations around the world. A crypto exchange may also b Read this Term Swyftx has announced it will lay off 40 per cent of its workforce
• due to a worsening downturn in digital asset markets following the collapse of FTX
• Swyftx chief executive Alex Harper said the layoffs were the company preparing in advance for a “worst-case scenario” of a continued decline in crypto markets next year and more “black swan Black Swan A Black Swan is an event that is most commonly associated with an unexpected surprise or catastrophic event. Most commonly, this designation is used for financial markets, yielding disastrous consequences for multiple parties or individuals. Despite the severity of a Black Swan, these events are considered as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. Black Swan Event Convulses FX MarketIn the forex space, the most noteworthy of these events over the past few A Black Swan is an event that is most commonly associated with an unexpected surprise or catastrophic event. Most commonly, this designation is used for financial markets, yielding disastrous consequences for multiple parties or individuals. Despite the severity of a Black Swan, these events are considered as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. Black Swan Event Convulses FX MarketIn the forex space, the most noteworthy of these events over the past few Read this Term” events like FTX

Just for clarity, as these crypto-types tend to be a bit full of it:

• a crypto 'exchange' is a website
• when a criminal fraud collapses owing trusting customers billions of $ its not a 'black swan'

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Anyway, BTC update: