Odaily News Encryption hosting platform Fireblocks laid off employees after restructuring. 21 people were affected, accounting for less than 3% of employees. Fireblocks said all affected employees received severance packages. It is reported that Fireblocks has raised approximately US$1.2 billion in total, with investors including Sequoia Capital and Coatue Management. Fireblocks was valued at $8 billion in a January 2022 funding round and acquired Australian blockchain startup BlockFold in 2023 for about $10 million. (Bloomberg) News in January 2022, Fireblocks completed a US$550 million Series E financing at a valuation of US$8 billion, led by D1 Capital Partners and Spark Capital, Parafi Growth Fund, Canapi Ventures, Altimeter, General Atlantic, Index Ventures, Mammoth, CapitalG and Iconiq Strategic Partners also participated.