London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a live-streamed town hall.
Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research.
A former Genesis employee sent a message to a prospective investor in December, pitching a new crypto hedge fund.
Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX’s implosion in November.
FTX management updated its estimated asset recoveries to $5.5 billion, and offered a new breakdown of over $400 million worth of missing assets.
A pitch deck for the project said the marketplace is aiming to go live by the end of February.
Republican Rep. French Hill will chair a new digital assets subcommittee, as lawmakers continue a push to regulate the crypto space after the collapse of FTX.
Crypto exchange Binance plans to increase the number of staff by between 15% and 30%, CEO Changpeng Zhao said.
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