Crypto.com to cut around 20% of workforce in aftermath of FTX's collapse

Crypto.com to cut around 20% of workforce in aftermath of FTX's collapse

FILE PHOTO: A representation of bitcoin is seen in an illustration picture taken on June 23, 2017. REUTERS/Benoit Tessier/File Photo

Crypto.com said on Friday it would be reducing about 20% of its workforce, as cryptocurrency exchanges face industry-wide challenges brought on by the collapse of FTX last year.