WazirX fires 50-70 employees amid ED probe, dipping trade volume

Cryptocurrency exchange WazirX fired about 50-70 employees on September 30 amid declining business, people familiar with the matter said.

Employees from business development, policy, growth, and marketing were impacted, they added.

“If someone like WazirX can do this, then anything can happen in the crypto industry and smaller players in India,” a former employee said on the condition of anonymity. “We need to put our minds to it and decide if we want to stay in the crypto industry or not,” the 32-year-old employee, who was laid off after two years with the company, added.