Bankless is rumored to have large-scale layoffs, and the co-founder announced the end of the first phase

According to crypto community user @0x_Lucas on X, Bankless has recently allegedly laid off most of its team members and has not issued a public statement or acknowledgment to assist the laid-off employees in finding new opportunities. Previously, Bankless BD Director Jean-Paul Faraj confirmed his departure, and co-founder Ryan Sean Adams subsequently publicly sought employment on X.

At the same time, Adams officially stated that the first phase of Bankless has ended, noting that this marks the conclusion of his six-year collaboration with David exploring crypto, DeFi, and Ethereum, and that they have now entered the second phase. Adams indicated that he will transition to a supportive role to continue providing assistance to Bankless.