{"id":29327,"date":"2026-05-21T16:27:33","date_gmt":"2026-05-21T16:27:33","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bankless-reportedly-axes-most-of-team-in-silence-as-co-founder-declares-end-of-first-era\/"},"modified":"2026-05-21T16:27:39","modified_gmt":"2026-05-21T16:27:39","slug":"bankless-reportedly-axes-most-of-team-in-silence-as-co-founder-declares-end-of-first-era","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bankless-reportedly-axes-most-of-team-in-silence-as-co-founder-declares-end-of-first-era\/","title":{"rendered":"Bankless reportedly axes most of team in silence as co-founder declares \u2018end of first era\u2019"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bankless is facing backlash after reportedly laying off most of its staff without a public announcement, even as co-founder Ryan Sean Adams declared the \u201cend\u201d of the media brand\u2019s first era on X.<\/p>\n<div id=\"cn-block-summary-block_895a43214147f7c3fb3fad7408e32127\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Crypto user @0x_Lucas says Bankless laid off most of its team with no public statement.<\/li>\n<li>Co-founder Ryan Sean Adams wrote that \u201cthe first era of Bankless has ended.\u201d<\/li>\n<li>Critics say founders are posting unrelated content instead of helping affected staff.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to ChainCatcher, citing posts on X, crypto community member\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/0x_Lucas\">@0x_Lucas<\/a>\u00a0said Bankless has \u201callegedly laid off most of its team members,\u201d claiming the media brand has not issued a public statement or expressed gratitude to help affected employees find new roles. In his posts, 0x_Lucas criticized the founders for continuing to publish unrelated content while remaining silent about the cuts, arguing that Bankless owed at least a basic acknowledgement and support to the people it had just let go.<\/p>\n<p>At the same time, Bankless co\u2011founder Ryan Sean Adams posted that \u201cthe first era of Bankless has ended,\u201d describing the moment as the conclusion of his six\u2011year collaboration with co\u2011host David Hoffman exploring crypto, DeFi and Ethereum. Adams\u2019 remarks, shared in a reflective X thread, framed the change as a generational shift rather than a straightforward downsizing, emphasizing how far the show had come since its early days and hinting at a new, undefined chapter.<\/p>\n<p>Bankless itself has not issued an official statement confirming or denying the reported layoffs, nor has it published a blog post or newsletter addressing the alleged restructuring as of publication time. Episodes continue to appear in the\u00a0<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/at\/podcast\/bankless\/id1499409058\">Bankless podcast feed<\/a>, and the main Bankless site has instead focused on regular content such as its recent \u201c17 Trends for Crypto\u2019s 2026\u201d piece, giving the impression of business as usual even as rumors of cuts spread.<\/p>\n<h2 class=\"wp-block-heading\" id=\"x-backlash-over-silence-and-unrelated-content\">X backlash over silence and \u201cunrelated content\u201d<\/h2>\n<p>The anger from former staff and community members is not about the existence of layoffs per se\u2014media and crypto firms have been shedding staff for two years\u2014but about how Bankless appears to be handling them.<br \/>In his posts, 0x_Lucas accused the founders of \u201cnot even bothering\u201d to publicly thank or spotlight the departing team, arguing that a brand built on community owed its people more than private emails and quiet removals from internal tools.<\/p>\n<p>He also called out what he described as \u201cunrelated\u201d posting from the founders, criticizing the decision to ship new content and personal reflections while staying silent about job losses and declining to use their platform to highlight affected employees for potential employers. That critique resonated on X, where users contrasted Bankless\u2019 coverage of past industry layoffs\u2014including pieces on Binance, Consensys and other firms\u2014with its apparent unwillingness to subject itself to similar scrutiny.<\/p>\n<p>The episode lands amid a broader wave of crypto and tech layoffs in 2026, from\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/fortune.com\/2026\/05\/04\/coinbase-layoffs-14-of-employees-ai-tech-ai-job-anxiety-crypto\/\" target=\"_blank\" rel=\"nofollow\">Coinbase\u2019s latest cuts<\/a>\u00a0to ongoing staff reductions across exchanges, trading firms and infrastructure startups. For a brand that leaned heavily into \u201ccommunity\u201d rhetoric and sought to position itself as the narrative voice of DeFi, the optics of a quiet cull amplified by disgruntled insiders is reputationally damaging, regardless of the balance sheet rationale.<\/p>\n<h2 class=\"wp-block-heading\" id=\"what-it-means-for-banklessand-crypto-media\">What it means for Bankless\u2014and crypto media<\/h2>\n<p>If the reports are accurate, Bankless has effectively amputated much of the team that turned a podcast into a broader media operation\u2014writers, producers, editors and ops staff who helped build newsletters, video content and research products around the core show. In practical terms, that likely means a narrower focus on the flagship podcast and select high\u2011leverage projects, with less capacity for daily news, deep\u2011dive analysis or side ventures.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>More broadly, the Bankless saga underlines how fragile crypto media businesses remain even late in this cycle. Ad revenue is volatile, sponsor budgets are tied to token prices and trading volumes, and the collapse of easy VC money has left many outlets exposed when traffic or sponsorships dip. As covered in prior crypto.news reporting on\u00a0crypto media layoffs\u00a0and\u00a0creator\u2011driven brands, projects built around personalities rather than institutions often end up treating everyone else as expendable when the macro turns.<\/p>\n<p>Until Bankless issues a formal statement, the full story will remain partly speculative. But the core facts\u2014that a co\u2011founder has publicly declared the \u201cend of the first era,\u201d that credible insiders allege most of the team is gone, and that there has been no transparent communication to the audience\u2014paint a clear enough picture: whatever comes next, it will not be the same Bankless that helped narrate the last bull market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bankless is facing backlash after reportedly laying off most of its staff without a public announcement, even as co-founder Ryan Sean Adams declared the \u201cend\u201d of the media brand\u2019s first&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=29327"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29327\/revisions"}],"predecessor-version":[{"id":29328,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/29327\/revisions\/29328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11452"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=29327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=29327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=29327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}