The fall of FTX has had wide-reaching effects on the crypto industry.
, saying that there will be"increased scrutiny on various companies in the space to make sure that they're following the rules."
The US employees affected by the layoffs will receive a minimum of 14 weeks severance and an additional two weeks for every year spent at the company. Armstrong also said Coinbase will ditch projects that have a"lower probability of success." More detailed specifics of the layoffs are listed in the company's
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