{"id":40747,"date":"2022-11-19T01:03:11","date_gmt":"2022-11-19T05:03:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=40747"},"modified":"2022-11-19T01:03:14","modified_gmt":"2022-11-19T05:03:14","slug":"unchained-capital-cutting-staff-reshuffling-management","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/unchained-capital-cutting-staff-reshuffling-management\/","title":{"rendered":"Unchained Capital Cutting Staff, Reshuffling Management"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-even-though-the-unchained-capital-doesn-t-deal-with-ftx-the-long-bitcoin-bear-market-is-hurting-parts-of-the-business\">Even though the Unchained capital doesn't deal with <a href=\"https:\/\/www.google.com\/search?q=Even+though+the+company+doesn%27t+deal+with+FTX%2C+the+long+bitcoin+bear+market+is+hurting+parts+of+the+business.&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">FTX<\/a>, the long bitcoin bear market is hurting parts of the business.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"918\" height=\"458\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102.png\" alt=\"Unchained Capital Cutting Staff, Reshuffling Management\" class=\"wp-image-40749\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102.png 918w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102-300x150.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102-768x383.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102-150x75.png 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102-360x180.png 360w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102-750x374.png 750w\" sizes=\"(max-width: 918px) 100vw, 918px\" \/><figcaption class=\"wp-element-caption\">Unchained Capital Cutting Staff, Reshuffling Management<\/figcaption><\/figure>\n\n\n\n<p>About fifteen percent of Unchained Capital <a href=\"https:\/\/coinscreed.com\/staging\/meta-fires-over-11000-employees.html\" target=\"_blank\" rel=\"noreferrer noopener\">employees<\/a> were let go, and Parker Lewis, the company's head of business development, was elevated to the board of directors. Will Cole, the company's chief product officer, was promoted to a senior advisory post.<\/p>\n\n\n\n<p>Joe Kelly, co-founder and CEO of Unchained, stated on Friday in a blog post that while the company has never had any exposure to FTX, Alameda, or any other institutions that have lost client funds, &#8220;funding for bitcoin-backed loans has been materially constrained by recent market events.&#8221; Kelly was commenting on the recent job cuts that were implemented by the company.<\/p>\n\n\n\n<p>He said that his business is seeing record amounts of new customers, bitcoin deposits, and trading volumes and that the <a href=\"https:\/\/coinscreed.com\/staging\/quickswap-has-been-hit-by-a-flash-loan-attack.html\" target=\"_blank\" rel=\"noreferrer noopener\">loan <\/a>book is presently at a collateral-to-principal ratio of 214%.<\/p>\n\n\n\n<p>In a second blog post in which he discussed the transitions, Parker Lewis acknowledged that &#8220;we have certainly made errors along the road.&#8221; &#8220;Despite the fact that we weathered every storm without suffering a loss on any loans, we grew the team more quickly than we otherwise would have done had we adequately accounted for the state of the <a href=\"https:\/\/coinscreed.com\/staging\/crypto-scammers-use-black-market-identities-for-fraud-certik.html\" target=\"_blank\" rel=\"noreferrer noopener\">market<\/a> at the time.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even though the Unchained capital doesn&#8217;t deal with FTX, the long bitcoin bear market is hurting parts of the business. About fifteen percent of Unchained Capital employees were let go, and Parker Lewis, the company&#8217;s head of business development, was elevated to the board of directors. Will Cole, the company&#8217;s chief product officer, was promoted [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":40749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,277,12262],"class_list":["post-40747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-trading","tag-unchained-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-102.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=40747"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/40747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/40749"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=40747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=40747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=40747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}