Unchained Capital, a bitcoin-native financial services company, has laid off an unspecified number of employees as part of a restructuring to navigate a turbulent market environment. The decision, announced in late 2022, was driven by materially constrained funding for bitcoin-backed loans following the collapse of several major lenders and exchanges in the cryptocurrency industry. While the exact scale of the layoffs relative to total staff was not disclosed, the company emphasized its strong financial position and record growth in clients and trading volumes, attributing its resilience to a focus on self-custody and eliminating counterparty risk. This move is a strategic adjustment to ensure long-term stability amid widespread industry turmoil.
