Crypto exchange Gemini lays off 10% of workforce in its latest round of cuts
Publishing timestamp: 2023-01-23 17:27:18
Summary
Crypto exchange Gemini will reduce its headcount by 10%, according to a spokesperson. This is the third round of cuts in less than a year for the exchange, which was co-founded by twins Cameron and Tyler Winklevoss. Other crypto firms have also eliminated positions since FTX filed for bankruptcy in November 2022. Gemini is also facing a legal fight with the Securities and Exchange Commission over an alleged unregistered offering and sale of securities. Customers of Gemini have banded together in a class action lawsuit against the exchange.
Sentiment: NEGATIVE
Keywords: cryptocurrency exchanges, technology, coinbase global inc, fintech, cameron winklevoss, cryptocurrency, ftx token/usd coin metrics, business news, investment strategy, new york, tyler winklevoss,
Source: https://www.cnbc.com/2023/01/23/crypto-exchange-gemini-lays-off-10percent-of-workforce-.html