Share this article
CertiK, Blockchain Code Auditor, Makes 'Strategic Workforce Adjustment' of 15%
Just last year, the company raised nearly $150 million of fresh capital. Now, as crypto winter drags on, it is cutting jobs, citing "evolving market dynamics."
Updated Oct 15, 2023, 8:08 p.m. Published Oct 13, 2023, 2:17 p.m.
Make us preferred on Google
CertiK, a auditor of programming code for blockchains and smart contracts, has cut at least 30 jobs in response to "market dynamics."
“In response to evolving market dynamics, CertiK undertook a strategic workforce adjustment today, impacting fewer than 15% of our colleagues," according to an emailed statement from co-founder and CEO Ronghui Gu. "Our primary aim is to recalibrate our team structure to better align with our long-term strategic aspirations. CertiK remains committed to our mission and is confident that these changes are essential steps towards achieving our goals.”
STORY CONTINUES BELOW
The move adds to a wave of staffing reductions across the blockchain industry, with prices for bitcoin and ether stalling out well below their previous market highs. Just over the past few weeks, cuts have been made at Chia Network, Chainalysis and Yield Protocol, Blocknative, Ledger and Yuga Labs.
Last yeart, CertiK closed a $60 million funding round backed by SoftBank Vision Fund and Tiger Global. The funding came two weeks after CertiK announced an $88 million round led by Insight Partners at a $2 billion valuation.
Headquartered in New York City, CertiK offers a set of end-to-end security solutions that can make the company a one-stop shop for customers. Products include code auditing, threat monitoring and asset tracing.
The security service was founded in 2018 by Gu, a computer science professor at Columbia University, and Yale University professor Zhong Shao.
Read more: Blockchain Security Firm CertiK Raises $80M at Nearly $1B Valuation
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
What to know:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
Top Stories
