Crypto Firm Amber Cuts Staff, Pauses Fundraising in FTX Fallout
- Person familiar says business operations aren’t under threat
- Firm rejected claims on social media of looming bankruptcy
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Amber Group, one of Asia’s leading crypto platforms, has continued to lay off staff and put a funding round on hold amid turmoil in the digital-asset sector following the bankruptcy of the FTX exchange.
The job cuts at the Singapore-based company, whose backers include Temasek Holdings Pte and Sequoia China, affected worldwide locations, according to a person familiar with the matter, who asked not to be identified discussing private information.