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FTX abandons plans to relaunch its crypto exchange / Block begins staff cuts to cap headcount at 12,000 / Coinbase hires former U.K. finance minister [EN]
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FTX abandons plans to relaunch its crypto exchange due to high costs, Ripple's XRP price drops following a hack, Terraform Labs files for bankruptcy to appeal SEC lawsuit, the SEC seeks to dismiss its lawsuit against DEBT Box after misleading statements, Coinbase hires former U.K. Chancellor George Osborne to combat regulatory challenges, and Block begins layoffs as part of a workforce adjustment plan.
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