ChainCatcher news, according to The Block citing informed sources, the DeFi infrastructure platform Qredo is facing financial difficulties, and its incubated hybrid cryptocurrency exchange Ankex has recently been shut down. Some content on the Ankex website is still operational, but other content (including links to registration, login, and support pages) is no longer accessible. Michael Moro, the former CEO of Genesis Global Capital, was hired to operate Ankex in April this year and has since left.According to the crypto data platform RootData, Qredo completed a $80 million Series A financing round in February this year, with a valuation of $460 million. In September this year, Qredo laid off about 50 employees to cut annual expenses by 35%. Subsequently, Qredo also laid off 50% of its workforce in November.

ChainCatcher news, according to The Block, the digital asset financial company Genesis stated in an email to clients that it will cease digital asset derivatives trading through GGC International. The termination will take effect at 5:00 PM Eastern Time on September 21.This move means that Genesis will no longer provide trading services through any of its business entities. The company stated that this decision "was made voluntarily for business reasons."