Ah, bitwise, the :tech company” many have no clue what they do, other than buy buildings and pay people, until now. As you may have heard, Bitwise collapsed quite recently, and without huge drama. One of the biggest issues is that Bitwise not only has hundreds of people out of a job, but didn’t even pay its employees the last round of paychecks. There is certainly much shady actions the company has done, but I leave that up for you to read. Most recently, Fresno has (obviously) cut ties with Bitwise officially, which allows for the city to get back half a million dollars (Fresno had awarded $1 million of American Rescue Plan funds to Bitwise last year in October).