How BlockEx Went from $24 Million ICO to Layoffs in Less Than a Year

BlockEx’s treasury couldn’t stop taking hits in 2018 – and for the London-based startup, it has meant significant delays, scaled-back ambitions and layoffs.

CEO Adam Leonard confirmed to CoinDesk that “staff reductions” had taken place.

“Some of it naturally as products finished and additionally to reduce burn,” Leonard said via email, declining to offer specifics on how many were let go. “We are not winding down the business and hope to have some good news next week.”

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