[Former Bankless Member Reveals Team Has Undergone Massive Layoffs, Co-Founder Ryan Steps Back, Says Bankless Has 'Entered Its Second Era'] BlockBeats News, May 21: Former Bankless member Lucas posted on social media, stating, 'Let me just spell out what can’t be said openly—Bankless clearly laid off most of its team yesterday. No word of thanks, no public announcement to help team members find their next opportunities.' Previously, Bankless co-founder David Hoffman posted on the X platform, revealing that he had sold all his ETH holdings. Another co-founder, Ryan Sean Adams, stated that the first era of Bankless has come to an end. He described his six-year collaboration with David as a period of jointly exploring crypto, DeFi, and maximizing Ethereum's potential. Bankless is now entering its second era. In this new phase, Ryan plans to step back and take on a more behind-the-scenes role, supporting David Hoffman in exploring the crypto world and broader frontiers. He will still appear on the weekly podcast (definitely not missing the Rollup segment) but will reduce his involvement in content direction and guest interviews. David will take the lead moving forward. Ryan emphasized that he remains optimistic about ETH and continues to believe in Bankless. [Original Link]