🔥 Chia Network Inc., the company behind the Chia blockchain, has laid off 26 employees but continues to pursue an initial public offering (IPO). The decision to lay off was made due to a “challenging investment environment” caused by the crypto winter, industry skepticism and banking crises. 🌐
- Chia Network lost its banking partner, Swiss Credit Suisse, which went bankrupt in March 2023.
- Chia Network CEO Gene Hoffman said the company has already secured new banking relationships for its IPO, but did not name the financial entity.
💬 Discuss the latest news about Chia Network and their IPO plans in the comments!
- Chia Network lost its banking partner, Swiss Credit Suisse, which went bankrupt in March 2023.
- Chia Network CEO Gene Hoffman said the company has already secured new banking relationships for its IPO, but did not name the financial entity.
💬 Discuss the latest news about Chia Network and their IPO plans in the comments!