Crypto infrastructure startup Qredo’s cash shortage has forced it to shut down its hybrid exchange project Ankex, which launched in beta just a few months ago. Last November, Qredo incubated and launched Ankex, which is billed as a hybrid derivatives exchange that combines centralized and decentralized features. Former Genesis Global Capital CEO Michael Moro was hired in April to run Ankex.

According to people familiar with the matter, the Ankex platform was recently shut down due to Qredo's financial difficulties, and Moro also left the company. Parts of Ankex's website remain active, while other parts (including links to its registration, login and support pages) are no longer operational.