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Plummeting, Layoffs, Cash Flow Crisis: HashKey at the Center of the Storm
Original title: (Caught in the storm of public opinion, what happened to HashKey?)
Original author: Joe Zhou, Foresight News
The platform token has plummeted by 85% in six months. What happened to HashKey, the first licensed retail cryptocurrency trading platform in Hong Kong? According to CoinGecko data, from December 30, 2024, to May 30, 2025, HSK dropped from a peak of 2.38 USD to 0.35 USD, marking a 85% decline over the half-year period. The severity of the drop caught many ecosystem supporters, token holders, and even HashKey employees by surprise, leading them to incur significant investment losses.
'I feel like I need to protect my rights.' A former HashKey employee expressed helplessly. There might be quite a few HashKey employees who share this sentiment. 'It is expected that over 200 current and former employees hold HSK.'
Original author: Joe Zhou, Foresight News
The platform token has plummeted by 85% in six months. What happened to HashKey, the first licensed retail cryptocurrency trading platform in Hong Kong? According to CoinGecko data, from December 30, 2024, to May 30, 2025, HSK dropped from a peak of 2.38 USD to 0.35 USD, marking a 85% decline over the half-year period. The severity of the drop caught many ecosystem supporters, token holders, and even HashKey employees by surprise, leading them to incur significant investment losses.
'I feel like I need to protect my rights.' A former HashKey employee expressed helplessly. There might be quite a few HashKey employees who share this sentiment. 'It is expected that over 200 current and former employees hold HSK.'
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