Crypto lender Ledn has laid off a number of workers amid the crypto crunch.
“A number of colleagues and myself have been laid off at Ledn. That is my first time I bought laid off,” Guido Pettinari, previously a senior knowledge engineer at Ledn, wrote on LinkedIn, noting that the cuts have been on account of “what everyone knows about FTX.”
Not less than two different individuals from the corporate posted about being laid off, together with: Lígia Robinson, a former office coordinator, and Denis Nagasaki, ex-chief business officer.
Whereas it is unclear how many individuals the corporate at present employs, there are 102 individuals on LinkedIn who declare to work for Ledn. The corporate says it has between 51-200 workers on its LinkedIn profile.
The transfer comes the identical day BlockFi filed for chapter, and fewer than two weeks for the reason that Canadian crypto agency stated it had no publicity to Genesis International Capital, which halted withdrawals of buyer deposits earlier this month amid the collapse of FTX.
Ledn didn’t instantly reply to requests for remark.
Genesis International Capital was Ledn’s major lending associate at first of its operations. Ledn since diminished its danger focus by diversifying its pool of lending companions, Ledn stated. The crypto lender added that it didn’t have any lively lending relationship with Genesis past October.
Ledn has said that it had some publicity to Alameda Analysis, FTX’s sister agency.
Ledn presents lending, financial savings and buying and selling merchandise to digital asset holders in over 130 nations. The corporate underwrote Canada’s first-ever bitcoin-backed mortgage in 2018, and most lately introduced the world’s first bitcoin-backed mortgage.