Crypto Boss Mike Novogratz Says Its Time to Cut Costs and Survive This ‘Transition period’

Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings, argued that the events of 2022 have 'cleansed' the industry and that it is now time to survive the "transition period". Talking to CNBC on Tuesday, Novogratz said that 2022 was a "grand washout" for the crypto industry, explaining that everything that had high costs and shrinking revenues "got hammered."... Read More: Crypto Boss Mike Novogratz Says Its Time to Cut Costs and Survive This ‘Transition period’