Tech industry
fromFast Company
1 day agoCrypto.com CEO is the latest boss to blame AI as he lays off 12% of staff
Crypto.com is laying off 12% of its staff, citing AI integration as the reason for the workforce reduction.
Two California investors are taking Crypto.com to federal court in Miami, Florida, accusing the company of running what they describe as a nationwide sports betting business under the cover of financial trading. The proposed class action, filed in the U.S. District Court for the Southern District of Florida, names North American Derivatives Exchange Inc., which operates as Crypto.com, along with Foris DAX Inc. The lawsuit claims users across the country have lost hundreds of millions of dollars through the platform's sports event contracts.