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PARAGRAPHThe round was led by a Singapore-regulated crypto platform. The crypto trader reportedly bought Fenbushi Capital U. As the layoffs were announced, Amber Group was also spending.

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Amber Group is a leading crypto finance services provider, specializing in digital wealth management and crypto-native liquidity solutions. Source says Amber Group is cutting costs and jobs across the board amid ongoing crypocurrency market turmoil from last year's FTX collapse. We are a global digital finance leader, empowering clients with innovative solutions like wealth management, asset management and liquidity provision.