India, Nov. 9 -- Gurugram-based lending tech startup CoinTribe has seen major leadership changes in the past few months with the exit of two of the company's three founders and other senior management.

The speculation began in August with a tweet by an anonymous Twitter handle Unicon Baba.

It said that CoinTribe's CEO and senior management have departed and the company has laid off 50% of its team. It claimed that lenders are terminating contracts with CoinTribe and a big percentage of loans have turned bad.

Talking to Inc42, Manish Chaudhari, COO, CoinTribe confirmed that cofounders - former CEO Amit Sachdev and chief digital officer Rohit Lohia - have left the company. While Sachdev exited in August, Lohia left in May, he added.