Gate News message, April 11, a certain cryptocurrency exchange saw its market value shrink by more than 50% this year and laid off 30% of its staff. Internally, they are discussing whether to request that founders Tyler Winklevoss and Cameron Winklevoss reduce the hundreds of millions of dollars in loans they provided to the company, or convert the debt into equity. As of the end of last December, the exchange owed 4,619 bitcoins, which is worth more than $330 million at current prices. Securities filing documents show that the exchange lost $585 million last year. In addition, the company plans to exit the markets in the UK, the European Union, and Australia, and several executives have already left. Currently, the Winklevoss brothers hold a majority of the voting rights, and they have not yet indicated whether they support the proposal.
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