August 18th, Marc Hochstein, the event planner for CoinDesk, revealed on his social media platform that CoinDesk had carried out layoffs this week. The list of layoffs includes Tracy Wang, who won the Polk News Award for reporting on the FTX explosion news and the "luxurious lifestyle of the SBF internal circle," as well as other editors and reporters.

Hochstein listed the contributions these former employees made to news work and called on other companies to actively recruit. August 14th, according to insiders, CoinDesk will lay off 20 people, accounting for 45% of its editorial team.