Crypto Winter Hits Two More Companies: They’re Shutting Down

Payment services provider Wyre and co-office company EmpireDAO are the last to fall in the crypto winter.

The crypto money market had a very difficult year due to the global economic uncertainty and scandals experienced last year. In the process, many crypto companies went into downsizing or bankruptcy. The last companies to fall in this recession period, called the crypto money winter, are wyre and EmpireDAO it happened.

As Axios reported on Jan. 4, crypto payment service provider Wyre two former employees your company coming soon liquidation will be reported. Also, an employee CEO Ioannis Giannaros employees of the company in January 2023 their services to end He claimed to have sent an e-mail about

The company has not yet seniority compensation package severance pay among ex-employees that he did not offer that they can’t get about a to worry reportedly caused. On the other hand, another former employee on LinkedIn He shared a post that he was laid off and that Wyre is now fired. it will not be a profitable business expressed.

CEO of the company shrinkage plans He said he was inside, but about the employee’s allegations. comment refused to do.

between Wyre and Bold Financial last September. 1.5 billion dollars the deal was cancelled.

Crypto winter hit DAOs too

On the other hand, Empire DAO, a decentralized autonomous organization that provides shared office services, announced that it has vacated its workspace at 190 Bowery, New York. It is known that less than a year has passed since its opening, the DAO started to save the area and 250 thousand dollars worth approx. 205 ETH collection target $8,407 worth 6.71 ETH’was also limited. EmpireDAO founder Mike Fraietta announced on his Telegram channel that the new goal of the DAO turn a clean slate said that.

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