Luno, a London-based cryptocurrency exchange, is slashing 35% is global workforce, CNBC reported Wednesday, marking it the latest firm in the languishing industry to make job cuts. The company cited "an incredibly tough year for the broader tech industry" when announcing its layoffs . The firm is owned by Digital Currency Group ("DCG"), the crypto-focused conglomerate that was said to have explored raising fresh capital by offloading some of the assets in its venture capital portfolio in the wake of a market downturn. Luno did not immediately respond to Seeking Alpha's request for comment. On Jan. 20, crypto broker Genesis -- DCG's lending unit -- filed for bankruptcy protection after suffering from the fallout from crypto exchange FTX ( FTT-USD ) and hedge fund Three Arrows Capital.