Ninety Eight Announces Significant Layoffs Amid Market Adjustments

According to PANews, Thanh Le, founder of the cryptocurrency company Ninety Eight, formerly known as Coin98 Finance, announced layoffs on the X platform. More than 20% of the company's employees are affected by this decision. Le stated that the move aims to create a leaner and more agile team capable of adapting to market demands. Additionally, the company plans to focus its resources on core products, with the Coin98 wallet being a top priority.