Crypto exchange and wallet providerhas closed a $110 million raise, valuing the company at less than half of its previous $14 billion, .
The Series E was led by U.K.-based Kingsway Capital with participation from Lakestar, Lightspeed Venture Partners, and COINBASE Ventures.
Neither Kingsway norresponded to a request for comment from CoinDesk by press time.
In January, the exchange had laid off 28% of its workforce,
Last year,at a valuation of $3 billion-$4 billion. However, the exact valuation for the Series E was not confirmed.
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