The thieves exploited a technology that allows digital coins to be swapped between different blockchains.
With crypto prices under pressure, taking on leverage has presented an even greater peril.
Coinbase had hired aggressively in recent years, with its workforce ballooning by about 1,200 employees this year.
So far, 2022 has been a reckoning for cryptocurrencies and digital asset strategies.
The SEC is beefing up its enforcement efforts in the digital assets space.
With more than 18,800 tokens, and thousands of blockchains, bridges won't be disappearing anytime soon.
Could bitcoin's best days already be behind it?
As digital tokens slide, the volatility will sift winners and losers from the DeFi space.
FTX US is working on adding stock and option trading, and a launch could come in months.
Over the past year, community-run crypto index funds have raised hundreds of millions.
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