According to ChainCatcher, crypto community user @0x_Lucas disclosed on X that Bankless has reportedly laid off most of its team members without issuing a public statement or expressing gratitude to assist affected employees in finding new opportunities.

Meanwhile, Bankless co-founder Ryan Sean Adams posted on X, stating that the first era of Bankless has ended, marking the conclusion of his six-year collaboration with David in exploring crypto, DeFi, and Ethereum. @0x_Lucas criticized the founders for not publicly addressing the layoffs and instead posting unrelated content. Bankless has yet to officially respond to the layoff rumors.