That's actually a pretty bad and scary news. I have never heard any legit blockchain project laying off 70% of their project, especially when there is so much to develop. Ned says the company doesn't have enough money to even handle nodes. That sounds like they are in deep water now. SMT which was supposed to be their main booster for "to the moon" and adoption has also been delayed for who knows how long. But the thing that surprises me is that how they didn't make the most of during the bull run in Q1-Q2 this year.

Let's see how this one goes.