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NFT fraud in focus; Bybit job cuts

Crypto exchange ByBit lays off 30% of its staff. And as the NFT market grows, how do we combat against scams?

Welcome to The Daily Forkast – June 21, 2022 – presented by Megha Chaddah.

Coming up on today’s show:

Hong Kong movie star Louis Koo denies involvement with Chinese NFT platform.

Meanwhile in China, Wechat bans NFT marketplace over flipping.

And as the NFT market continues to grow, we look at how to combat phishing scams and insider trading in the NFT market.

Babel Finance says liquidity pressure eased with new debt agreements.

And finally, crypto exchange Bybit to cut up to 30% of employees.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast June 21.