Crypto.com Quietly Cut Hundreds of Jobs

The crypto industry says it wants to transform traditional finance and its practices, but is lagging behind one of its biggest legacy issues: transparency.

And one of the biggest players in cryptography has just clearly shown that without transparency, the industry will not gain the trust of the general public and investors.

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Crypto.com had said in June that it would cut 260 or 5% of its jobs as an effort to cut costs amid the cryptocurrency price crash.

At the time, the crypto market had lost more than $2 trillion from its all-time high of $3 trillion reached last November amid investor cryptomania.

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