Crypto trading firm Portofino Technologies is facing a wave of senior staff departures, including chief revenue officer Melchior de Villeneuve and chief of staff Olivia Thurman. Two senior developers and two junior developers have also left. CEO Leonard Lancia disputes CoinDesk’s characterization of the departures, claiming they were not unilateral resignations.

Portofino Technologies has struggled to retain staff, with general counsel Celyn Armstrong and former CFO Mark Blackborough leaving earlier this year. Thurman, who had been with the firm for almost 18 months, departed recently. The company raised $50 million in equity funding in late 2022 and was founded by Leonard Lancia and Alex Casimo in 2021.

Despite plans to open new offices in New York and Singapore, Portofino Technologies continues to face challenges with employee retention. CEO Leonard Lancia disputes reports of unilateral resignations among senior staff members and emphasizes the importance of accurate reporting on departures.

Read more at Yahoo Finance: Crypto Market Maker Portofino Said to Be Hit by Another Wave of Staff Departures