Ninety Eight (Coin98) layoffs — Mar 7, 2025

Ninety Eight (Coin98) lays off over 20% of workforce on March 7, 2025

Ninety Eight, the crypto wallet company behind Coin98, laid off more than 20% of its workforce on March 7, 2025, according to Google News coverage of the event. The number of jobs cut was not disclosed.

The company’s stated reason for the reduction was not included in the source material provided. No direct quote from company officials was available in the source text.

Ninety Eight operates as a wallet company in the crypto industry, with Coin98 as its best-known product. Wallet providers typically focus on helping users store, manage, and interact with digital assets across blockchain networks.

No forward-looking guidance, restructuring timeline, or additional details about the layoffs were included in the source material. Based on the available information, the only confirmed figures are that the company cut over 20% of its workforce and did not disclose the exact number of affected employees.

Sources: Google News