Crypto firms are still reeling from a brutal market crash during the second quarter, sparked by the implosion of stablecoin terraUSD and its paired cryptocurrency luna.

Just a few months earlier, finance professionals were flocking from both the City of London and Wall Street to cryptoland. Now, companies have been forced to cut jobs in a bid to trim costs, and even some of the industry’s biggest players, including Coinbase, have been hit hard.