Wednesday, October 4, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Cameron Winklevoss

Breaking: Gemini Exchange Axes 10% Staff, Is Bankruptcy Filing Next?

news by news
January 23, 2023
in Cameron Winklevoss, gemini, Gemini Crypto Exchange, News, Tyler Winklevoss, Winklevoss brothers
0
Breaking: Gemini Exchange Axes 10% Staff, Is Bankruptcy Filing Next?
0
SHARES
105
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Kraken Data Shows Huge Bitcoin Influx; BTC Price To Breach $30K Soon?

FTX’s $500 Million Bet on Anthropic Pays Off Amid Google’s Interest

gemini

According to an internal memo that was accessed by media outlets, the cryptocurrency exchange Gemini is planning to lay off 10% of its workforce. This comes after Gemini’s customers being affected by the bankruptcy of Genesis Capital due to the collapse of FTX.

At this point, Gemini has implemented at least the third round of layoffs in the last eight months. On Monday, Gemini President Cameron Winklevoss sent a message on Slack informing staff members, who are referred to internally as “Astronauts,” of the most recent round of layoffs.

Gemini and Genesis teamed together in February 2021 to offer Gemini Earn, a high-yielding cryptocurrency lending product, as evidence of the exchange’s tight ties to the ailing Genesis. It wasn’t until the beginning of this month that the United States Securities and Exchange Commission filed a lawsuit against the companies, alleging that they had sold unregistered securities to market participants through the platform Gemini Earn.

Cameron Winklevoss was quoted as saying:

It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice but to revise our outlook and further reduce headcount.

This is a developing story and is being frequently updated.

The post Breaking: Gemini Exchange Axes 10% Staff, Is Bankruptcy Filing Next? appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

Kraken Data Shows Huge Bitcoin Influx; BTC Price To Breach $30K Soon?

October 4, 2023
24/7 Cryptocurrency News

FTX’s $500 Million Bet on Anthropic Pays Off Amid Google’s Interest

October 4, 2023
24/7 Cryptocurrency News

Ripple Secures An MPI License In Singapore, Here’s Why It Matters

October 4, 2023
24/7 Cryptocurrency News

OpenSea Studio Goes Live for Creators to Easily Launch and Manage NFT Projects

October 4, 2023
24/7 Cryptocurrency News

XRP Price Jumps 5% After Court Denies SEC’s Interlocutory Motion, Next Target $1?

October 4, 2023
24/7 Cryptocurrency News

XRP Lawsuit Trial Date Locked In April 2024; Any Further Change?

October 4, 2023
Next Post
Coinbase Reveals 3 New Tokens To Get Listed Soon

Coinbase Reveals 3 New Tokens To Get Listed Soon

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

ETH Price Recovery Shaky Above $1,600 As Unique Addresses Hit 1B, Capitulation Signal?

September 14, 2023
Cardano (ADA) Sees Whale Transactions Hinting Another 36% Rally

Cardano (ADA) Sees Whale Transactions Hinting Another 36% Rally

February 8, 2023

XRP Holder’s Lawyer Reveals Regional Composition of Those He’s Representing

September 10, 2023
Largest XRPL Account Deletions Recorded, What’s Happening?

Largest XRPL Account Deletions Recorded, What’s Happening?

June 15, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In