- Major crypto companies, including Crypto.com, Coinbase and Genesis, have announced layoffs in 2023.
- To make matters more complicated, the SEC just filed charges against two major players in crypto.
- Despite recent turmoil, prices of major cryptocurrencies like Bitcoin and Ethereum are up so far this year.
It’s a cruel, cruel winter for the world of crypto.
The new year has barely begun, but so far, the pain that the cryptocurrency industry experienced in 2022 has shown no sign of slowing down: Thousands have been given the pink slip, and the Securities and Exchange Commission levied charges against two major players in the industry.
Here’s a quick recap of what’s already happened:
