In a lawsuit filed late on Thursday, the U.S. Securities and Exchange Commission (SEC) claimed cryptocurrency exchange Gemini and cryptocurrency lender Genesis Global Capital offered unregistered securities.
Nexo insisted that it had complied with AML and KYC regulations despite official reports claiming that the cryptocurrency lender is being investigated in Bulgaria.
About 500 employees, or about 3% of the workforce, will be let go by BlackRock. This round of layoffs marks the first of $10 trillion in asset management since 2019.