Australian cryptocurrency firm Swyftx fires 90 staff amid fallout from FTX ... trends now
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Australian cryptocurrency exchange Swyftx has fired 35 per cent of its staff saying they are preparing for a long 'crypto winter' as the industry reels from the FTX saga.
Co-founder and CEO Alex Harper made a statement announcing the layoffs of '90 talented friends and colleagues' at the Brisbane-based firm on Monday following a company-wide town hall meeting.
'As we've just announced to the team, Swyftx has no direct exposure to FTX, but we are not immune to the fallout it has caused in the crypto markets,' Mr Harper said.
Swyftx was founded in 2018 and quickly grew into one of Australia's largest cryptocurrency exchanges with more than 300,000 users and various accolades form the likes of Finder and TrustPilot.
Alex Harper and Angus Goldman, co-founders of Australian crypto exchange Swyftx (pictured)
Co-founders Mr Harper and Angus Goldman were awarded Brisbane Young Entrepreneurs of the
