Popular crypto firm announces layoffs after token's disastrous drop

MANTRA, a popular layer-1 blockchain firm focused on real-world asset (RWA) tokenization, announced a company-wide restructuring on Jan. 14. This follows a turbulent year marked by a sharp market downturn and the collapse of its native token, OM, earlier in 2025. In a statement on X, MANTRA co-founder and CEO John Patrick Mullin said the restructuring will reduce headcount as part of a strategic reset. The decision is aimed at becoming leaner and more capital-efficient heading into 2026, he added. MAN ...