Local media here in Australia with the report:
- Australian cryptocurrency exchange 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 ” 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:
