CoinsAQ summary · neutral
Polygon CEO Announces Job Cuts amid Coinme Acquisition
What happened
The round of layoffs was part of Polygon transitioning operations to payments following a $250 million deal to acquire Coinme and Sequence in January. Marc Boiron, CEO of Polygon Labs, announced additional layoffs as the company finalizes its acquisition of cryptocurrency.
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Deposits have remained available throughout the incident and were not affected, the company noted.