Platforma kripto derivata Paradigm smanjuje plate za 15 posto

Paradigm, the crypto derivatives trading platform, cut salaries company-wide by 15 percent.

The OTC firm — not to be confused with the crypto investment firm with the same name — kriv the pay reduction on contagion stemming from the collapse of crypto exchange FTX in a tweet.

Paradigm also claimed that salary cuts “reduce the need for layoffs seen across the ecosystem” and will impact the organization’s momentum less.

“These are tough times but we must do the hard thing and retain the financial flexibility to navigate the turbulent times we find ourselves in as an industry,” it added.

Layoffs have hit the wider industry hard in recent months. In December, Fintech firm Plaid otpušten roughly 260 employees. The month prior, crypto exchange Kraken Smanjen its headcount by 1,100, or 30 percent of its workforce.

Paradigma podigao je $ 35 miliona in Dec. 2021 in a round co-led by Alameda Research, the trading firm at the heart of the collapse of Sam Bankman-Fried’s crypto empire. 

Odricanje od odgovornosti: Počevši od 2021., Michael McCaffrey, bivši izvršni direktor i većinski vlasnik The Block-a, uzeo je niz zajmova od osnivača i bivšeg izvršnog direktora FTX-a i Alamede, Sama Bankman-Frieda. McCaffrey je dao ostavku iz kompanije u decembru 2022. nakon što nije otkrio te transakcije.

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