It’s no secret crypto is crashing, but now the digital tokens are hitting real people too
Crypto exchanges Coinbase and BlockFi are laying off hundreds of staff
Employees hit by cryptocurrency crash as bitcoin price has plummeted in recent weeks
So as crypto exchanges struggle to survive, a fifth of their workforce are taking the hit in order to survive the second crypto crash
Employees at Coinbase, once the flagship US cryptocurrency exchange, will learn whether they have lost their jobs in an email shortly.
Those who have been laid off will be notified on their personal email account, because their access to company systems will be terminated immediately.
Coinbase’s cuts follows from its smaller competitor BlockFi.
The exchange announced a 20 per cent reduction in staff, affecting about 170 people, on Monday.
