BlockBeats News, May 21st. Former Bankless member Lucas posted on social media today, saying: "I might as well make clear what can't be said—apparently Bankless laid off most of the team yesterday. There was neither a word of thanks nor a public announcement to help the team members find new opportunities."

Prior to this, Bankless co-founder David Hoffman announced on Platform X that he had sold all his ETH.

Another co-founder, Ryan Sean Adams, mentioned that the first era of Bankless has come to an end. Having worked with David for six years, it was a period of joint exploration of crypto, DeFi, and maximizing Ethereum's potential. Bankless is now entering its second era. In this next phase, Ryan plans to take a step back and support David Hoffman in exploring the crypto world and broader frontiers. He will still appear on the podcast weekly (definitely not missing the Rollup segment), but will reduce his involvement in content direction and guest interviews. David will take the lead. Ryan still holds a positive view on ETH and Bankless.