Breaker Magazine, an editorially independent site owned by SingularDTV, LLC, now operating as Breaker, is reportedly shutting down.
According to a recent report by The Block’s Frank Chaparro, who cites individuals familiar with the matter, the decision to shut down operations comes amid a runaway burn rate and failure to find a proper, sustainable business model.
BreakerMag is well-known for its higher-quality, investigatory reports in the crypto industry. The outlet made mainstream attention when it broke a story on the ongoing pay-for-play model that is currently popular among major crypto media outlets.
BreakerMag Editor-in-Chief Ben Schiller was formerly a staff writer at Fast Company for 7 years.
It’s unclear how this news will impact BREAKERCON 2019, which was previously planned for May 15.
The magazine has yet to publicly comment on the story, and continues to push out fresh content — however, our request for comment went undelivered as it appears BreakerMag’s mail server has been shut down.
Related: We Asked Crypto News Outlets If They’d Take Money to Cover a Project. More Than Half Said Yes
Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.