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FalconX Lays Off 10% of Global Workforce Due to Continued Crypto Market Downturn

Source: www.bloomberg.com
According to Bloomberg, digital asset brokerage firm FalconX has laid off approximately 10% of its staff globally due to expectations that the cryptocurrency market will continue to remain sluggish. Sources familiar with the matter said that about half of the employees in its Singapore office were laid off, including some senior executives as well as sales and accounting personnel.

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