Crypto.com Silently Carried Out Hundreds of Job Cuts

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By Luc Olinga The lack of transparency of the platform raises many questions at a time when crypto is going through a tough patch. The crypto industry says it wants to transform traditional finance and its practices, yet it lags on one of the biggest legacy issues: transparency. And one of the biggest players in the crypto sphere has just starkly shown that without transparency, the industry won’t gain the trust of the general public and investors. Job-Cut BackdropCrypto.com had said in June that it would cut 260, or 5%, of its jobs as one effort to cut costs amid the cryptocurrency-price cras…

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