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“As a part of this transition, and due to our preparation for a multi-year and really expensive litigation course of, the Board has requested Administration to shrink the dimensions of our groups throughout the corporate and cut back our burn charge,” learn the paperwork. “Not like each different U.S. crypto firm, now we have been working to keep away from this state of affairs, however circumstances have now shifted. This was a really laborious resolution – one which we didn’t take evenly. We’re unhappy to see our colleagues depart, however we want them the perfect and can do what we will to help them on this transition.”
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