Crypto Broker Genesis Laying Off 30 Percent of Staff

All right. Meanwhile, more trouble in the crypto space, crypto broker genesis now cutting 30% of their staff that's leaving only 100 and 45 employees. This follows another round of cuts that happened last year, the latest layoffs, impacting more than 60 workers. That is the broker grapple with a declining crypto market. Genesis also saw several executives leave last year that following upheaval in digital assets. This following the collapse of F. T. X. On a note to clients, genesis said they need more time to come up with a solution for those issues in their lending unit.