Cryptocurrency hedge fund BlockTower Capital lost two top managers – they left the company without a public announcement. Writes about it The Block with reference to sources.
According to them, general partner Michael Bucella left his seat “recently.” He joined BlockTower Capital in January 2018 after working at Goldman Sachs.
However, at the time of writing, his Twitter profile still talks about the hedge fund. On the page in LinkedIn BlockTower Capital is also listed as the current place of work.
The investment director and head of the Asia-Pacific region, Steve Lee, also quit the hedge fund. According to his profile in LinkedInin 2018 he moved from the Tokyo office of Goldman Sachs to BlockTower Capital, where he worked until September 2022.
The reasons for their resignation are unknown. Representatives of the company did not respond to the request of the publication.
Amid unfavorable market conditions, cryptocurrency companies have begun to cut staff. Since early 2023, optimizations have been reported by Coinbase, ConsenSys, Gemini, Luno, Matrixport, Chainalysis, Blockchain.com, Genesis Trading, and Bittrex.
The company behind the development of the decentralized Filecoin platform, Protocol Labs, announced the reduction of 89 employees (about 21% of the state).
Blockchain platform Polygon has decided to lay off about 100 employees.
Recall that in February it became known about the closure of the cryptocurrency-oriented hedge fund Galois Capital after the events associated with the collapse of FTX.
Found a mistake in the text? Select it and press CTRL+ENTER
bitcoinlinux Newsletters: Keep your finger on the pulse of the bitcoin industry!
