Bitcoin exchange Bittrex to lay off approximately 30% of staff

Cryptocurrency exchange Bittrex filed with the US Department of Employment notification on layoffs amid unfavorable market conditions. The decision will affect 83 out of 284 employees. Data: US Department of Employment. A screenshot of a letter from Bittrex co-founder Richie Lai has surfaced on Twitter. According to him, the market downturn “by the end year turned into a complete collapse”, which forced the company to take such a step. BREAKING: Bittrex begins layoffs today citing macroeconomic market conditions. pic.twitter.com/8cK2sdcENf — Autism Capital (@AutismCapital) February 1, 2023 October 2022 OFAC And FinCEN fined Bittrex $29 million for repeated violations of