| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | Hong Kong |
| Sector | Fintech |
| Total raised | ~$300M (Temasek, Tiger Global, Sequoia China, Coinbase Ventures) |
| Collapse type | Mass Layoff Spiral |
| Founder | Michael Wu, Annabelle Huang, Wayne Huo |
Amber Group
"The crypto trading and yield platform that reached a $3 billion valuation with Temasek and Tiger Global backing — then sold its consumer-facing business WhaleFin for $30 million during the 2022 bear market implosion"
Cascading layoffs that accelerated the decline
Key Events Timeline
Amber Group was founded in 2017 by Michael Wu and co-founders including Annabelle Huang and Wayne Huo in Hong Kong as a quantitative crypto trading firm.
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