Cryptocurrency exchange Blockchain.com denies selling assets or subsidiaries

ChainCatcher news, a spokesperson for the cryptocurrency exchange and financial services company Blockchain.com denied any attempts to sell assets or subsidiaries and dismissed reports of negotiations with other crypto companies regarding potential deals.

It is reported that Blockchain.com laid off 110 employees (about 28% of its total workforce) in January due to a $270 million loss from loans to Three Arrows Capital. Recently, Blockchain.com's venture capital division liquidated 80% of its stake in PolySign, and anonymous sources claimed that Blockchain.com executives discussed selling part of the business to other cryptocurrency companies between December and January. (source link)