Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptopolitan 2024-10-29 22:15:00

Metamask parent company, Consensys, lays off 160 employees; blames U.S SEC for abuse of power

Web3 firm and Metamask’s parent company Consensys announced on its blog on October 29 that it was laying off 160 employees across several departments, equating to about 20% of its workforce. The company explained that the massive fees it incurred during its legal battles with the U.S. Securities and Exchange Commission, plus macroeconomic factors, contributed to the decision.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.