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- 🌙 Kraken Sheds ‘Hundreds’ of Jobs to Streamline Business Ahead of IPO
🌙 Kraken Sheds ‘Hundreds’ of Jobs to Streamline Business Ahead of IPO
A Kraken spokesperson said the firm is “making the difficult decision to eliminate certain roles and consolidate teams where redundancies exist, while continuing to hire in key areas of the business.”
Mike Gavela
April 17, 2025
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Crypto Roundup - April 17
Kraken has reportedly laid off hundreds of employees as it restructures in anticipation of a potential IPO, signaling a significant internal shift. Meanwhile, Babylon's protocol has seen a dramatic $1.3 billion drop in total value locked (TVL) due to mass Bitcoin unstaking, raising concerns about user confidence and protocol sustainability. On the regulatory front, a new TRM Labs report reveals how crypto crime rings are increasingly converging across regions, with Chinese mafia, North Korean hackers, and Mexican cartels exploiting digital assets for illicit activity, underscoring mounting global enforcement challenges.
Top Stories
Kraken lays off staff to streamline operations ahead of a potential IPO, signaling major internal adjustments.
Babylon loses $1.3 billion in TVL following mass Bitcoin unstaking, shaking trust in the staking protocol.
Crypto crime networks converge, with Chinese mafia, North Korean hackers, and Mexican cartels linked via blockchain exploitation, per TRM Labs.
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