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Crypto Payments Company Wyre Reportedly Shutting Down Due to Market Downturn, Recently Valued at $1.5 Billion – Bear Market Getting Worse?

Wyre, a cryptocurrency payment firm previously valued at $1.5 billion, has announced to its employees that the business will be unwinding over the next couple of weeks. As reported by Axios, CEO Ioannis Giannaros sent an...

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Crypto Payments Company Wyre Reportedly Shutting Down Due to Market Downturn, Recently Valued at $1.5 Billion – Bear Market Getting Worse?
Wyre, a cryptocurrency payment firm previously valued at $1.5 billion, has announced to its employees that the business will be unwinding over the next couple of weeks.
As reported by Axios, CEO Ioannis Giannaros sent an email to select employees over the holidays stating that the company would be liquidated.
However, contrary to these claims, Giannaros was quoted by Axios as stating that,
"We’re still operating but will be scaling back to plan our next steps."...
Read More: Crypto Payments Company Wyre Reportedly Shutting Down Due to Market Downturn, Recently Valued at $1.5 Billion – Bear Market Getting Worse?

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