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Bybit Reducing Workforce As Bear Market Deepens

Crypto exchange Bybit is reducing its workforce as a direct result of "the deepening bear market."

The Singapore-based crypto exchange's CEO and co-founder, Ben Zhou, made the announcement on Twitter at 12:32 a.m. ET.

"The planned downsizing will be across the board," Zhou tweeted, adding: "For our impacted colleagues, we will try to make this process as smooth as possible and take care of each individual's needs as much as we can."

(By Adam James)

Bybit Crypto
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