ConsenSys and Amber Group Join List of Companies Dismissing Employees
ConsenSys – a blockchain software technology company – and Amber Group – a cryptocurrency platform based in Singapore – are the latest entities in the digital asset sector to announce staff layoffs.
Singapore-based Crypto Unicorn Amber Group Slashes Hong Kong Workforce, SCMP Reports
Singapore-based digital asset manager Amber Group has cut its Hong Kong staff by half to 40, shedding jobs in risk management, audit and compliance, to try and weather a slump in cryptocurrency prices and a cascade of bankruptcies in the industry, according to a report by the South China Morning Post on Wednesday that cited a person familiar with the developments. The SCMP report said Amber had cut its compliance workforce in Hong Kong to five from 20 people and made their entire auditing team redundant. It did not mention the Singapore headquarter operations or the total number of staff at Amber. (forkast)
Cryptocurrency Firm Amber Scrambles To Cut Costs As Industry Battles Shock Waves Created by FTX Collapse
Crypto unicorn Amber Group is slashing costs and jobs across the board, halving its total staff size in Hong Kong to 40 by cutting support jobs including IT, risk management, audit and compliance, a source said, as the firm scrambles to survive a cryptocurrency market meltdown.
Amber Group Has Completed a $300M Series-C Round, Led by Fenbushi Capital US
Amber Group @ambergroup_io Tweets：
Asia Crypto Lender Amber Group Latest To Feel Effects Of FTX’s Collapse
Singapore-based Amber Group is the latest firm to get caught in the chilling aftermath of FTX’s spectacular fall.
Amber Group Acquires Singapore Crypto Exchange Sparrow
Asian crypto investment firm Amber Group has acquired Singaporean crypto exchange Sparrow, according to a report in The Business Times citing regulatory filings.
Amber Group to Take Potential Legal Actions Regarding False Allegations
Crypto trading firm Amber Group <a href="https://twitter.com/ambergroup_io">@ambergroup_io</a> on Twitter:" Regarding certain false allegations against Amber today, our legal counsel will issue an official statement shortly and take potential legal actions."
Amber Group Owes Troubled Crypto Lender Vauld’s CEO $130 Million
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld's CEO Darshan Bathija.
Amber Group’s Planned Raise Halved As It Cuts 40% of Jobs
Crypto firm Amber Group is making various business-related cuts as it struggles to weather the ongoing crypto winter.
Amber Group Says It’s ‘Business As Usual’ Amid Reports of More Layoffs
Digital asset platform Amber Group is reassuring clients and stakeholders that it is “business as usual” at the firm following reports that the company laid off staff.
