The latest in the crypto setting: layoffs are piling up, while the bear market continues to crawl

The latest in the crypto setting: layoffs are piling up, while the bear market continues to crawl

After the downsizing at large crypto companies such as Coinbase and Gemini at the beginning of this year, a new round of reported layoffs and restructuring has further accelerated the emigration of the industry this week.

crypto exchange Bitmex has dismantled personnel to concentrate on the derivate trade, although the number of employees dismissed is not known.

The company, which pursues the opposite approach Expansion beyond derivatives beyond Living lively derivative community including BMEX token trade ”, a spokesman told Blockworks.

"As an undesirable episode, we had to make changes to our workforce," said the spokesman in a statement. "Our top priority is to ensure that all employees concerned receive the support they need."

The spokesman rejected the exact number of employees concerned, but said that a reported number of cuts in the amount of 30 % was "inaccurate and too high".

HR reduction takes place after Bitmex CEO Alexander Hoeptner suddenly left the company. The company has won CFO Stephan Lutz as Interim CEO.

Dapper Labs has reduced its workforce by 22%, said CEO RoHam Gharegozlou on Wednesday.

"These cuts are the last thing we want to do, but they are necessary for the long -term health of our company and our communities," said Gharegozlou wrote . "We know [web3] and crypto [are] the future in a variety of industries-with 1000 times potential from here in relation to mainstream acceptance and effects-but today's macroeconomic environment means that we cannot fully control timing."

Dapper Labs was founded in 2018 and is behind NBA Top Shot and the original developer of the Flow blockchain. In September 2021 it finished a $ 250 million round.

The company grew from 100 to over 600 employees in less than two years, which, according to Gharegozlou, brought operational challenges.

Galaxy Digital consumes personnel reduction of about 15 %, Bloomberg reports Tuesday.

The reported layoffs take place after CEO Michael Novogratz said during the company's conference conference in August that Galaxy intended to increase his number of employees from 375 to more than 400 employees by the end of the year.

"While our industry is still confronted with macroeconomic headwind, Galaxy continues to focus on building up for the future state of institutional acceptance and increasing the long -term shareholder value," said a spokesman in a explanation of block works. "We always consider an optimal team structure and strategy and will share future plans when they are completed."

The conference conference on the results of the third quarter of Galaxy is scheduled for November 9 at 8:30 a.m. The company recorded a net loss of $ 555 million in the second quarter-compared to a net loss of around $ 112 million in the three months earlier.

group for digital currencies (DCG) promoted several of his managers in connection with a reorganization of the department. As a result of the restructuring, around 10 employees have been eliminated, .

Markus Murphy was promoted to President of the DCG. According to his LinkedIn page, he joined the company as Head of Public Affairs in April 2018 before becoming Chief Operating Officer in January 2020.

In addition, Jen Goodson was appointed chief administrative officer; Simon Köster became chief strategy officer; matt kümmel is now senior vice president of operations; and amanda cowie conducts communication, marketing and events.

A DCG spokesman confirmed the Bloomberg report, but did not want to comment further.

A week of crypto detections saw a few new employees

crypto value paper platform Prometheum appointed anoop data alternative trading System (ATS) platform.

DATTA was recently Head of Electronic Trading Risk Management and Strategy at Goldman Sachs. Before that, he was also the COO of the foreign exchange business of Wells Fargo and derivate dealer at Chicago Trading Company.

The attitude takes place after Prometheum has introduced its alternative trading system that offers trade, clearing, processing and storing securities of digital assets through integration with partners such as the Anchorage Digital Bank.

The Chief Compliance Officer from Andreessen Horowitz-or A16Z-has joined anchain.ai a risk management and web3 intelligence company for digital assets, as a strategic consultant.

Scott Walker will be advised on the company's innovative web3 risk monitoring technology. Anchain.ai was founded in 2018 by cyber security and corporate software veterans from Fireeye and Mandiant.

Before he came to A16Z, Walker Senior Special Examiner and Counter was for digital assets and blockchain technology at SEC. Before that, he also worked as a country at the giants of wealth management Blackrock with a focus on regulation of hedge funds, derivatives and prime brokerage.

Krypto-Marktplatz Enklave markets brought olta Andoni Noopener "Target =" _ blank "href =" https://www.linkedin.com/in/martinprado/ "> Martin Prado as Chief Information Security Officer.

Andoni came from AVA Labs, where she was the deputy head of the legal department. Before that, she was Chief Legal Officer at the NFT-focused social media platform NIFTY. Prado headed security and infrastructure teams at Blockchain.com and Xapo.

Layer-1-Protocoll Schicht1 added Pamphile as Chief Business Development Officer.