amber group – pressnews

[ad_1] Amber Group, one of Asia’s biggest trading and lending platforms for digital currencies, has canceled this year’s staff bonuses as the one-time industry darling grapples with the crypto downturn. Amber Group, one of Asia's biggest trading and lending platforms for digital currencies, has canceled this year's staff bonuses as the one-time industry darling grapples with the crypto downturn. The Singapore-based outfit told employees this week that it is scrapping performance-based bonuses for 2022 due to slower business growth and market uncertainties, in an internal memo viewed by Bloomberg News. Since June, Amber has kicked off a series of cost-cutting measures including redundancies and wage reductions. Some of its management team have voluntarily agreed to give up all or ...

[ad_1] Tiantian Kullander, the former Morgan Stanley trader who co-founded digital-asset trading platform Amber Group, has died. He was 30. Tiantian Kullander, the former Morgan Stanley trader who co-founded digital-asset trading platform Amber Group, has died. He was 30.Kullander “passed away unexpectedly in his sleep” on Nov. 23, Amber said in a statement on its website on Friday. “He led by example with his intellect, generosity, humility, diligence and creativity,” the firm said. The crypto entrepreneur, nicknamed “TT,” started Amber in 2017 together with a group of former finance professionals, including Goldman Sachs Group Inc. and Morgan Stanley alumni. The company, whose backers include Singaporean state investment company Temasek Holdings Pte, is in talks to raise about $100...

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Crypto Lender Amber Scraps Bonuses, Cuts Jobs as FTX Collapse Turmoil Continues

Tiantian Kullander, Co-Founder of Crypto Firm Amber, Dies at 30