Bear Market Effects Continue: This Exchange Reduces Staff Number

A spokesperson for Hong Kong-based cryptocurrency exchange OSL confirmed the allegations that they were laying off their employees.

Hong Kong-based cryptocurrency exchange OSL Coinbase, Bitmex and Gemini After many cryptocurrency exchanges such as started layoffs. Speaking to The Block source starting on Wednesday 40 to 60 among staff have been laid off He claimed. The source is the total of this number number of personnel approximately 15%He stated that it corresponded to .

An OSL official confirmed the layoffs however, regarding the number of dismissed personnel did not respond to the allegations. In his statements, the official said, “As OSL, we had to make a difficult decision regarding the dismissal. We understand the impact this decision has on our staff.” made statements.

Company official, OSL’s staked ether (stETH) and TerraUSD (TOP) He stated that they were not affected by any financial negativity, including the problems experienced during the events.

In addition, the official made the following statements in his statements about OSL:

The regulations we are subject to provide a high advantage in terms of investor protection. We believe that other institutions will be subject to these regulations over time.

said.

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