Business | ForkLog

ForkLog 20 21.02.2023

Polygon team to cut staff by 20%

The blockchain platform Polygon announced a 10% staff cut. The layoffs affected about 100 employees.

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ForkLog 15 20.02.2023

Galois Capital hedge fund closes after FTX collapse

The leadership of the cryptocurrency-focused hedge fund Galois Capital has decided to close the fund after events surrounding the FTX bitcoin exchange. The Financial Times reports.

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ForkLog 17 08.02.2023

Bitcoin miner Stronghold Digital Mining agrees to defer $54.9 million loan payments

American mining company Stronghold Digital Mining restructured payments on the remaining loan balance of approximately $54.9 million from Whitehawk Finance and entered into a hosting agreement with Foundry.

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ForkLog 16 07.02.2023

John Ray earned $690,000 as FTX’s new CEO over two months

The compensation of FTX's new head John Ray from November 11 to December 31, 2022 amounted to $690,000. This comes from bankruptcy court documents related to the platform, according to Business Insider.

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ForkLog 22 06.02.2023

Bloomberg reports possible sale of Hodlnaut and its claims against FTX

Administrators are in the process of signing non-disclosure agreements with several potential buyers of Hodlnaut, the crypto-lending platform. Bloomberg reports this.

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ForkLog 71 03.02.2023

The Wall Street Journal Reveals Tether Owners

Four people owned 86% of Tether Holdings, The Wall Street Journal (WSJ) reported. Documents confirming the information date from 2018.

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ForkLog 14 02.02.2023

Bitcoin exchange Bittrex to cut about 30% of its staff

The cryptocurrency exchange Bittrex filed a WARN notice with the U.S. Department of Labor amid unfavourable market conditions.

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ForkLog 17 02.02.2023

Chainalysis to lay off nearly 5% of staff amid crypto winter

Analytical firm Chainalysis has decided to lay off 44 of its 900 employees, or 4.8% of staff, according to Forbes.

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ForkLog 13 31.01.2023

Media reports indicate Prime Trust cuts a third of its staff

The infrastructure-focused crypto company Prime Trust laid off a third of its staff. CoinDesk reported.

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ForkLog 14 28.01.2023

CoinTracker lays off 19 employees, about 20% of staff

The CoinTracker platform for crypto investment management and tax reporting laid off 19 people, or about 20% of its staff. The Block reports.

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ForkLog 10 27.01.2023

Bloomberg puts FTX lawyers’ fees in the hundreds of millions

The fee for Sullivan & Cromwell, acting for FTX in the exchange's bankruptcy case, is likely to reach hundreds of millions of dollars before the process concludes. Bloomberg Law reports.

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ForkLog 17 27.01.2023

Media reports layoffs at Matrixport owned by Ji Han Wu

Matrixport, the crypto-lending platform owned by Ji Han Wu, will lay off 10% of its staff. Bloomberg reports.

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