Crypto lender Ledn has laid off several employees amid the crypto crunch.
While it's unclear how many people the company currently employs, there are 102 people on LinkedIn who claim to work for Ledn. The company says it has between 51-200 employees on its LinkedIn profile.
The move comes the same day BlockFi filed for bankruptcy, and less than two weeks since the Canadian crypto firm said it had no exposure to Genesis Global Capital, which halted withdrawals of customer deposits earlier this month amid the collapse of FTX.Genesis Global Capital was Ledn's primary lending partner at the start of its operations. Ledn since reduced its risk concentration by diversifying its pool of lending partners, Ledn said.
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