YUGA LABS undergoes restructuring and cuts team members.

YUGA LABS is undergoing a corporate restructuring, which has resulted in the reduction of some team members. Since February, the newly appointed CEO, GREG SOLANO, announced this decision and shared a related memo on social media. SOLANO stated that this is to bring the company back to its original purpose, even though it means making difficult choices. He also pointed out that YUGA LABS has "lost its direction" and will now focus on building a smaller, more agile, and crypto-native team.