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Web3 is Going Just Great

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July 29, 2022

CoinFLEX cuts "significant number" of staff

Two interlocked white shapes resembling a chain, followed by the text "CoinFLEX" in light grey(attribution)
CoinFLEX, a yield farming platform that stopped withdrawals in late June, announced they had made major staff cuts to reduce their cost base by 50–60%. "The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX," they wrote in a blog post.
  • "CoinFLEX Update: July 29, 2022", CoinFLEX blog
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