Gemini, the crypto startup whose customers have been caught up in the Genesis bankruptcy, is laying off 10% of staff, according to an internal message viewed by The Information.
It’s at least the third round of cuts at Gemini in the past eight months. Gemini President Cameron Winklevoss informed staff, known internally as “Astronauts,” of the latest layoffs in a message on Slack on Monday.
“It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice but to revise our outlook and further reduce headcount,” Cameron Winklevoss wrote in the message.
