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Crypto broker Genesis slashes 20% of workforce and announces CEO exit after loans soured

by Editor August 18, 2022, 3:29 am 1.9k Views

Crypto broker Genesis slashes 20% of workforce and announces CEO exit after loans soured

Michael Moro, chief executive officer of Genesis, pauses as he speaks during the Bitcoin Conference 2022 in Miami Beach, Florida, April 6, 2022.

Marco Bello | Reuters

Digital asset brokerage Genesis said on Wednesday that CEO Michael Moro is stepping down and the company is slashing 20% of its workforce, the latest casualties as the cryptocurrency market unwinds.

Derar Islim, Genesis’ operating chief, will take over as interim CEO while the…

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