Mysterious trader bets multimillion short amid job
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Mysterious trader bets multimillion short amid job cuts
As the crypto industry goes through one of its most difficult phases, the Ethereum Foundation has announced cutting around 20% of its staff.
The drastic job cut, announced on June 23, affects 54 employees, as the team said it aims to become “leaner and more focused” in running operations.
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Over the past few months, the Ethereum Foundation has seen the exit of several top executives such as co-executive directors Hsiao-Wei Wang and Tomasz Kajetan Stańczak, protocol co-lead Barnabé Monnot, protocol cluster lead Tim Beiko, contributors Josh Stark and Trenton Van Epps, researchers Julian Ma and Carl Beekhuizen, and senior solutions architect Pablo Voorvaart.
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