How MoonPay Employees Missed Out on the Crypto Boom

Crypto payment startup MoonPay raised $555 million in a funding round, valuing the company at $3.4 billion.
CEO Ivan Soto-Wright and other executives were able to cash out $150 million of their own stock.
However, rank-and-file employees were not given the promised equity options due to a blackout period for issuing new options.
MoonPay's failure to issue options at a low strike price before talks with investors hurt its employees' potential upside.
The company's business was also affected by the fading enthusiasm for buying crypto.