Matt Damon-Backed Crypto.com Cuts 20% of Jobs to Address FTX Damage

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The Street

By Luc Olinga Cryptocurrency exchange crypto.com is paring jobs, just a few months after an initial round of cuts. The bankruptcy of Sam Bankman-Fried’s crypto empire reverberates. Two months after the bankruptcy filing of the FTX cryptocurrency exchange and its sister company, the hedge fund and trading platform Alameda Research, the list of victims in the crypto sector grows ever larger. Since crypto lender BlockFi has also gone bankrupt and now there are questions about the future of the lender Genesis, one of the sector’s biggest casualties is trust. Confidence in the cryptocurrency indust…

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