The crypto lending platform Unchained Capital announced a layoff of about 15%

2022-11-19 09:19:51
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ChainCatcher news, according to CoinDesk, the crypto lending platform Unchained Capital announced layoffs of about 15%.

The company's co-founder and CEO Joe Kelly stated that although there is no exposure to FTX, Alameda, or other institutions facing liquidity crises, "the company's lending business has been substantially constrained due to a series of recent events." Joe Kelly also added that the number of new customers, Bitcoin deposits, and trading volume at the company have all reached record highs recently, with the current loan collateral to margin ratio at 214%. (source link)

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