Major Australian crypto company CEO out, jobs cut as bitcoin rout bites

Swyftx, a major Australian cryptocurrency exchange, laid off nearly 20 percent of its workforce and replaced CEO Jason Titman amid restructuring on Thursday. Co-founders Alex Harper and Andrea Yuen have been named acting co-CEOs as the company adapts to a challenging market and integrates recent acquisitions totaling over $132 million. The crypto downturn has severely impacted operations.

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Summary by Glance · Original reporting by The Age