Luno Malaysia Assures Customers Operations Remain Unaffected Following Parent Company Layoffs

"Important to reiterate to everyone that customer funds are safe"

"2022 has been an incredibly tough year for the broader tech industry and in particular the crypto market," said Tang."Luno unfortunately hasn’t been immune to this turbulence." Despite the layoffs, Luno Malaysia has reassured its customers that their operations operations in Malaysia, Singapore, and Indonesia have not been affected and that the company is committed to building a seamless and secure platform in the region.

Tang also addressed concerns about a potential run on customer assets, stating that"none of this impacts our customers or operations.""Given all the sensitivity and misinformation in the market right now, I believe it’s also important to reiterate to everyone that customer funds are safe and operations continue as normal."

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