According to an internal memo that was accessed by media outlets, the cryptocurrency exchange Gemini is planning to lay off 10% of its workforce. This comes after Gemini’s customers being affected by the bankruptcy of Genesis Capital due to the collapse of FTX.

At this point, Gemini has implemented at least the third round of layoffs in the last eight months. On Monday, Gemini President Cameron Winklevoss sent a message on Slack informing staff members, who are referred to internally as “Astronauts,” of the most recent round of layoffs.