{"id":74471,"date":"2023-02-22T12:01:34","date_gmt":"2023-02-22T10:01:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74471"},"modified":"2025-09-09T20:19:21","modified_gmt":"2025-09-09T17:19:21","slug":"media-reports-departure-of-blocktower-capitals-top-executives","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-reports-departure-of-blocktower-capitals-top-executives\/","title":{"rendered":"Media reports departure of BlockTower Capital’s top executives"},"content":{"rendered":"

The cryptocurrency hedge fund BlockTower Capital has lost two top executives \u2014 they left the firm without a public statement. The Block reports this, citing sources.<\/p>\n

According to them, the managing partner Michael Bucella left his post recently. He joined BlockTower Capital in January 2018 after working at Goldman Sachs.<\/p>\n

However, at the time of writing, his Twitter profile still lists the hedge fund. On his LinkedIn<\/a> page, BlockTower Capital is listed as his current employer.<\/p>\n

\"Snimok-ekrana-2023-02-22-v-11.00.43\"
Data: Twitter<\/a>.<\/figcaption><\/figure>\n

The hedge fund also saw the departure of the chief investment officer and head of the Asia-Pacific region, Steve Lee. According to his profile on LinkedIn<\/a>, in 2018 he moved from the Goldman Sachs Tokyo office to BlockTower Capital, where he worked until September 2022.<\/p>\n

The reasons for their departure are unknown. Company representatives did not respond to the publication’s request.<\/p>\n

Against a backdrop of weak market conditions, cryptocurrency companies have begun layoffs. Since the start of 2023, Coinbase<\/a>, ConsenSys<\/a>, Gemini<\/a>, Luno<\/a>, Matrixport<\/a>, Chainalysis<\/a>, Blockchain.com<\/a>, Genesis Trading<\/a> and Bittrex<\/a> have announced layoffs.<\/p>\n

The company behind the decentralized Filecoin platform, Protocol Labs announced layoffs<\/a> of 89 employees (about 21% of its staff).<\/p>\n

The blockchain platform Polygon has decided to lay off<\/a> around 100 employees.<\/p>\n

In February, it was reported that the crypto-focused hedge fund Galois Capital had closed<\/a> after the events surrounding the FTX collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency hedge fund BlockTower Capital has lost two top executives \u2014 they left the firm without a public statement. The Block reports this, citing sources.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1556,83],"class_list":["post-74471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blocktower-capital","tag-business"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74471"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74471\/revisions"}],"predecessor-version":[{"id":74472,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74471\/revisions\/74472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}