Crypto Lender Genesis Cuts 30% of Staff

Genesis faced financial turmoil as crypto hedge fund Three Arrows Capital and trading firm Alameda Research went belly-up.Screenshot: Gizmodo

Genesis Global Trading Inc. has been feeling the heat of the crypto crash that has been plaguing the industry over the past several months. The firm announced today that it was laying off 30% of its workforce, as first reported by the Wall Street Journal.

 

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