Fintech layoffs mount as October marks 6 months of crypto downturn

After the Terra-Luna collapse sent crypto prices tumbling in May, many firms trimmed substantial parts of their workforce to stabilize their businesses.   In June, for example, Coinbase laid off aroun...

Bankman-Fried says his firms may deploy ‘hundreds of millions’ to backstop struggling crypto industry

In an interview with CNBC today, FTX CEO Sam Bankman-Fried said that he would be willing to spend “hundreds of millions beyond what we have thus far and in some cases more than that” to backstop firms...