Kraken crypto exchange to slash more than 1,000 jobs as FTX turmoil spreads
Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year. Higher interest rates and worries of an economic downturn have roiled cryptocurrencies as investors fled risky assets, with FTX’s recent bankruptcy adding to the uncertainty. “Since...