• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Amber Group has laid off hundreds of workers, claiming they are nevertheless working commonly

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Amber Group, a main cryptocurrency platform in Asia, continues to slide soon after announcing the layoffs of “hundreds” of workers and the postponement of a funding round amid marketplace turmoil.

Amber Group has laid off hundreds of workers, claiming they are nevertheless working commonly

Based in Singapore is the area of this lower. In early September, Amber Group also streamlined its personnel process by separating itself from ten% of its workers, which is nevertheless due to the inner instability of the crypto economic climate.

Related articles

Blast's operating model faces opposition from the Paradigm investment fund itself

Blast’s working model faces opposition from the Paradigm investment fund itself

November 27, 2023
Who is Barry Silbert?  Founder of the digital currency group

Who is Barry Silbert? Founder of the digital currency group

November 15, 2023

After layoffs of all around thirty%-forty% in September, Temasek-invested Amber Group started laying off hundreds of people today yet again in December and asked Chinese workers to do the job from dwelling and vacate their offices, in accordance to former workers. Exclusive https://t.co/bmKMvuQtr8

— Wu Blockchain (@WuBlockchain) December 6, 2022

According to sources of BloombergAmber managed to full layoffs in November, but the marketplace continued to plummet, forcing the business to lower even further, the quantity of workers in Europe is now in single digits.

In response to the company’s bankruptcy rumors, Amber Group announced through Twitter that “the company is still operating as usual” and withdrawals are not problematic.

To update our consumers and stakeholders, we can verify Amber Group e @WhaleFinApp it really is small business as normal. Overcoming marketplace cycles, we have to consistently adapt and reorient our small business approaches, item offerings and, consequently, inner teams and functions.

— Amber Group (@ambergroup_io) December 6, 2022

Previously, the platform disclosed that it actively participated in trading on FTX, but significantly less than ten% of its complete trading capital was locked up on the exchange. Amber Group is not “chipped” soon after the FTX crisis due to the fact it has no publicity to FTT tokens or sister investment fund Alameda Research.

Amber Group claims no damages from FTX

Amber Group was valued at $three billion, till it effectively raised $200 million in February, soon after which the business raised the valuation from $five billion to $eight billion, but was unable to full due to the common economic downturn. Amber has reverted to her outdated valuation and is operating to reopen a further funding round.

Amber Group not too long ago faced a traumatic occasion when Tiantian Kullanderco-founder of Amber Group, died in his rest on November 23, aged thirty.

Wave of layoffs of crypto businesses

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: Amberclaimingemployeesgrouphundredslaidoperating
Share76Tweet48

Related Posts

Federal Reserve Grants Banks Freedom in Crypto Activities

by shark
June 25, 2025
0

Jerome Powell announces the removal of federal constraints on U.S. banks engaging in cryptocurrency activities.

Bitcoin Absorption Rises Amid Market Turmoil, Analysts Report

by shark
June 25, 2025
0

CryptoQuant analysis reveals increased Bitcoin absorption by buyers amid recent market shifts.

Federal Reserve’s Jerome Powell Signals Potential Inflation Due to Tariffs

by shark
June 25, 2025
0

Jerome Powell warns Congress of inflation risks from tariffs, impacting economic policy decisions.

Federal Reserve Maintains Rates, Focuses on Inflation Risks

by shark
June 25, 2025
0

Fed Chair Jerome Powell discusses inflation and interest rates' impact on crypto markets.

Cardano Foundation Unveils Major Ecosystem Developments

by shark
June 25, 2025
0

Cardano Foundation's $100M ADA reallocation into Bitcoin and stablecoins aims to boost DeFi engagement and ecosystem innovation.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Federal Reserve Grants Banks Freedom in Crypto Activities
  • Bitcoin Absorption Rises Amid Market Turmoil, Analysts Report
  • Federal Reserve’s Jerome Powell Signals Potential Inflation Due to Tariffs
  • Federal Reserve Maintains Rates, Focuses on Inflation Risks
  • Cardano Foundation Unveils Major Ecosystem Developments
  • Comparative Analysis of Qubetics, OKB, and Pi as the Best Crypto for Beginners
  • Trump’s Ceasefire Call Boosts Crypto Markets
  • XRP Leads Crypto Rally Amid Sentiment Shift
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7