Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Wyre Reportedly Shuts Down, Shared Slack Channel Disabled

Published 01/05/2023, 07:52 AM
Updated 01/05/2023, 08:00 AM
Wyre Reportedly Shuts Down, Shared Slack Channel Disabled

  • Wyre cryptocurrency payments firm is allegedly shutting down.
  • In September, Bolt dropped intentions to acquire the firm.
  • Former workers say the firm had not yet presented them with severance payouts.

Employees of Wyre, a cryptocurrency payments firm that was previously valued at $1.5 billion, have been informed that the business would soon be going out of business. The apparent shutdown of Wyre follows the decision made in September by another payments business, Bolt, to abandon its intention to buy Wyre.

Everyone on the shared Slack channel has been disabled, as stated by former employee JD (NASDAQ:JD) Ross, the co-founder of the house-selling services, Opendoor (NASDAQ:OPEN).

However, Wyre CEO Ioannis Giannaros, says in a conversation with A ...

The post Wyre Reportedly Shuts Down, Shared Slack Channel Disabled appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.