Jun 26, 2026 2:52 PM

The crypto industry is purging its workforce under the guise of an "AI pivot." BitGo just fired 15% of its staff to focus on AI-powered infrastructure, following similar moves by Coinbase and Block. With BitGo’s stock down 60% since its debut, this looks less like innovation and more like using a buzzword to justify desperate cost-cutting. Is AI actually the future of crypto infrastructure, or is it just a convenient excuse to fire people? What’s your take?
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