Crypto company Wyre reports, according to the demolished Bolt acquisition, CEO claims that the company only limits the company-

Von Krypto News Österreich

Krypto company Wyre reports reportedly after a broken bolt acquisition, CEO claims that the company only
According to several reports, Wyre, a payment company for cryptocurrencies, is supposed to hire his business. The alleged handling of Wyre follows that Bolt, another payment company, will give up his plan to take over Wyre in September. Wyre-CEO Ioannis Giannaros, however, told Axios that the company was "still in operation" and was only "reduced".

Wyre Cryptocurrency Payments Firm supposedly concludes, CEO denies reports on the processing of the business

On January 4, 2023, Axios a Report , Wyre, the payment platform for digital currencies, the operation of the company. In addition, several other reports about the situation of former employees and well -known employees. Jd Ross, the founder of the music investment platform royal.io said :

looks like Wyre has just made his business. All in our common slack channel except the GC are deactivated. Hear no severance pay.

"We will continue to do everything we can, but I want everyone to prepare for the fact that we have to handle the business in the next few weeks," wrote CEO IOANNIS Giannaros in an email to the employees who have been admitted to Axios. The reporters of the news publication, Brady Dale and Lucinda Shen, continued to state that a former Wyre employee named Michael Staib wrote about the situation on LinkedIn.

Wyre was considered a profitable company and collected $ 29.1 million in nine different financing rounds. The company was founded in 2013 by Giannaros and Michael Dunworth and at its peak had an assessment of $ 1.5 billion. Wyre was to be taken over by the payment company Bolt, but the deal was rejected in September. Shortly after Bolt hired the takeover, Dunworth resigned from Wyre.

Bolt CEO Maju Kuruvilla said at the time: "We will continue our existing commercial partnership with Wyre to pave the way for crypto integration into our ecosystem and make the innovative crypto infrastructure of Wyre accessible to the world." In a email sent to Axios, Giannaros did not comment on processing and further noticed:

We are still in operation, but we will screw back to plan our next steps.

What do you think about the news that Wyre supposedly hired the company while the CEO says that it only "reduces" the operation? Let us know your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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