The Giving Block, an encrypted donation market, cuts about 12% of its staff

According to sources quoted by The Block, The Giving Block, an encrypted donation market, has laid off about 10 people in three rounds since the collapse of FTX in November last year, accounting for about 12% of its total workforce. A spokesman for The Giving Block confirmed the layoffs and said: Said, "We have carried out internal restructuring and reworked the budget to limit the number of layoffs." A cash and potential payment of US$ in cash and stock acquired The Giving Block, which remains autonomous and continues to operate independently.