Crypto Market Maker Portofino Technologies Hit by Wave of Employee Departures

By: theblockbeats.news|2025/11/27 00:15:51

0

Share

copy

BlockBeats News, November 27th, according to CoinDesk citing sources, crypto market maker Portofino Technologies has experienced another wave of senior staff resignations after its Chief Financial Officer and General Counsel left the company a few months ago.

The source stated that Chief Revenue Officer Melchior de Villeneuve recently departed from this Swiss company. Due to the matter involving private information, the source requested anonymity. Office Operations Manager Olivia Thurman has confirmed her resignation.

In addition, it is alleged that two senior developers, Olivier Ravanas and Mike Tryhorn, as well as two junior developers, have also left this crypto market maker company. According to LinkedIn profiles, De Villeneuve joined the company in January of this year, but he did not immediately respond to a request for comment. Ravanas and Tryhorn also did not respond.

As of the time of publication, Portofino has not yet responded to multiple email requests for comment.

You may also like

Advantages and Challenges of Modern Cryptocurrency Trading Platforms

Advantages and Challenges of Modern Cryptocurrency Trading Platforms

Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends

Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…

Untitled

Untitled

I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.

The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine

February 25th Market Key Insights, How Much Did You Miss Out?

February 25th Market Key Insights, How Much Did You Miss Out?

1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum 2. Largest Price Swings: $SN115, $RAVE 3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law

In the world of crypto, the first lesson you learn is the importance of "HODLing" on.

IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi

IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi

As DeFi matures and grows more complex, the Curator is becoming a key intermediary connecting risk and users.

DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC

DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC

DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC

Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.

How Can Agentic Commerce Empower AI to Start Making Money?

How Can Agentic Commerce Empower AI to Start Making Money?

The first wave of moneymaking AIs has arrived, which projects are worth paying attention to

February Correction: Is the Crypto Market Bottoming Out?

February Correction: Is the Crypto Market Bottoming Out?

Based on historical experience, the most intense phase of this downturn may be about to end.

AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce

AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce

Stripe took fifteen years to turn seven lines of code into a business empire that powers 1.6% of the global GDP. Its next move is to define the next generation of global business rules.

Zuckerberg Retweets Stablecoin, Can Meta Win This "Comeback Game"?

Zuckerberg Retweets Stablecoin, Can Meta Win This "Comeback Game"?

Compared to the Libra era of 2019 when it attempted to disrupt the global financial system, the 2026 Meta is demonstrating a more stable and compliance-oriented approach.

Polymarket New Rule Release: How to Build a New Trading Bot

Polymarket New Rule Release: How to Build a New Trading Bot

In 2026, a truly winning trading Bot is not the fastest taker, but the most excellent liquidity provider

Bitwise: The Institutional Wave is Here, So Why is the Market Still Sleeping?

Bitwise: The Institutional Wave is Here, So Why is the Market Still Sleeping?

There is a significant gap between the perceived cryptocurrency market and the actual cryptocurrency market.

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation

WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.

AI Apocalypse, a massive short squeeze

AI Apocalypse, a massive short squeeze

AI is not the doomsday prophecy, but the dawn of a new era of abundance stemming from the collapse of cognitive cost.

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

In the cryptocurrency industry that touts "decentralization," true asymmetry may have never disappeared.

Advantages and Challenges of Modern Cryptocurrency Trading Platforms

Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…

Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends

Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…

Untitled

I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…

The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.

The original idea was to combine a bank-licensed compliant entity with an underlying clearing network built over three years by a Silicon Valley giant, to enable seamless payments for everything you can imagine

February 25th Market Key Insights, How Much Did You Miss Out?

1. On-Chain Funds: $32M inflow to Ethereum this week; $54.9M outflow from Arbitrum 2. Largest Price Swings: $SN115, $RAVE 3. Top News: Tonight's Circle and NVIDIA earnings reports, AI narrative's impact on crypto market sentiment under scrutiny

Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law

In the world of crypto, the first lesson you learn is the importance of "HODLing" on.

Popular coins

Latest Crypto News

00:01

TBD Prediction Market Protocol Completes $3 Million Seed Round, Led by CMT Digital and ParaFi

BlockBeats News, February 25th, the Solana-based prediction market protocol TBD completed a $3 million seed round of financing, led by CMT Digital and ParaFi, with participation from Jump Crypto. Prior to this, TBD had completed an $800,000 angel round of financing, with participants including Slow ...

00:01

Bank of America: Gold Price Expected to Reach $6,000/oz in the Next 12 Months

BlockBeats News, February 25th, in its latest report, Bank of America said it expects the price of gold to rise to $6,000 per ounce in the next 12 months. Furthermore, "Despite the potential for the current rise in silver prices to accelerate the downturn in demand for solar panels, silver is still ...

00:01

17.3k HYPE tokens will be unlocked today and distributed to the core team on March 6th

BlockBeats News, February 25, iliensinc, co-founder of Hyperliquid, stated in the official DC channel that 173,000 HYPE tokens from Hyperliquid Labs will be unlocked today and distributed to team members on March 6.

00:01

The ARC Fee Rate on Lighter has surged abnormally to an annualized rate of 2100%, with a whale heavily longing to lure short sellers into the market.

BlockBeats News, February 25th, according to @Route2FI's on-chain analysis, a whale is currently holding a long position worth $24 million in ARC on Perp DEX Lighter, and is increasing its position by $360,000 per hour through TWAP (Time-Weighted Average Price), continuously injecting funds to drive...

00:01

Hyperliquid's largest ETH long position unrealized loss narrowed to $10.35 million, with a position value of $230 million

BlockBeats News, February 25th. According to EmberCN monitoring, the largest ETH long position holder on Hyperliquid continued to increase their position this morning by an additional 15,000 ETH, bringing their total ETH long position to 120,000 ETH, with a position value of $230 million. The curren...