The game company Neon Machine is deep in a financial crisis, with a large amount of debt unpaid, owing millions of dollars to external suppliers. After multiple rounds of layoffs, the number of employees has sharply decreased from a peak of about 100 to only about 12 full-time employees. The project token SHRAP has experienced a big dump of over 98%, with the co-founder accused of continuous selling. Previously, Neon Machine had completed a $20 million financing led by Polychain Capital. (Blockworks)
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The game company Neon Machine is deeply mired in financial crisis, with the number of employees reduced to 12.
The game company Neon Machine is deep in a financial crisis, with a large amount of debt unpaid, owing millions of dollars to external suppliers. After multiple rounds of layoffs, the number of employees has sharply decreased from a peak of about 100 to only about 12 full-time employees. The project token SHRAP has experienced a big dump of over 98%, with the co-founder accused of continuous selling. Previously, Neon Machine had completed a $20 million financing led by Polychain Capital. (Blockworks)