Crypto Market Maker Portofino Said to Be Hit by Another Wave of Staff Departures

Core Insights - Portofino Technologies, a crypto trading firm, is experiencing significant staff turnover, including the recent departures of its Chief Revenue Officer and Chief of Staff [1][2][4] - The company has faced challenges in retaining key personnel, with multiple senior staff members leaving in recent months [4] - CEO Leonard Lancia has disputed the characterization of these departures as unilateral resignations, indicating a more complex situation [3] Staff Departures - Chief Revenue Officer Melchior de Villeneuve and Chief of Staff Olivia Thurman have recently resigned from Portofino Technologies [1][2] - Other notable departures include General Counsel Celyn Armstrong and former Chief Financial Officer Mark Blackborough, who left earlier in the year [4] - The company has seen the exit of two senior developers, Olivier Ravanas and Mike Tryhorn, along with two junior developers [2] Company Background - Portofino Technologies was founded in 2021 by former Citadel Securities leaders Leonard Lancia and Alex Casimo [4] - The firm raised $50 million in equity funding in late 2022, indicating a level of investor confidence despite current staffing issues [4] - The company is exploring the possibility of opening new offices in New York and Singapore, suggesting plans for expansion [5]