Business
Crypto Lender Genesis reduces workforce by 20%, CEO will depart
Genesis Global Transaction is laying off 20% of its 260-strong workforce weeks after court filings revealed that the crypto brokerage firm that lent a $2.4 billion crypto hedge fund is now bankrupt. Three capital arrows Ltd.
The job cuts are announced as part of the company’s leadership changes, which will also lead to the departure of the company. Genesis CEO Michael Moro.