Portofino Technologies, a Switzerland-based crypto market making firm approved by the FCA, has experienced a significant staff exodus since the firing of its co-founder and CFO in July. The departures included the chief operating officer, head of strategy and operations, and global head of business development. Approximately 30-40% of the firm's headcount at the time left or are serving notice. The company has since hired a new CFO and senior sales trader and is actively recruiting to fill four positions. Portofino previously raised $50 million in equity funding in 2022. The CEO has received criticism on Glassdoor for creating a "toxic work environment."



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