Cryptocurrency tax startup Koinly announces a 14% layoff

ChainCatcher news, according to The Block, crypto tax startup Koinly announced it has laid off 14% of its staff, with CEO Robin Singh attributing the layoffs to the bear market and the FTX collapse. The exact number of layoffs at Koinly is currently unclear.

It is reported that Koinly's main business is helping users in over 20 countries calculate and report the taxes owed on their digital assets. (The Block)