Hong Kong-based digital asset platform Amber Group has raised $300 million in a Series C funding round amid tough times and rumors of bankruptcy.
Amber Group official twitter in a post shared from your account $300 million in Series C funding round announced the collection. of Amber Group Fenbushi Capital US led by the Series C investment round, along with other unnamed crypto investors and family offices.
Most of the money raised in the Series C round, according to a Bloomberg report FTX Provided for customers who lost money on Amber’s product as a result of its collapse. One of these customers is Amber’s 130 million dollars troubled crypto credit institution to which it owes Vauld’s CEO Darshan Bathija was stated.
The company made the following statements in its post on the subject:
This new round of fundraising demonstrates investors’ confidence in Amber’s business and her commitment to shape our future together. As part of this future, it is important to us to adapt to this challenging market environment and protect our customers.
Did Amber transfer the money from the fund round to Binance?
Data provided by on-chain analytics platform Lookonchain, half an hour before Amber’s C-series round announcement $12.7 million to Binance revealed that it was transmitted. Owned by the Amber company “0xe119” to Binance wallets 10,000 Ethereumm (ETH) deposit has been made. Although the company did not disclose the details of the transaction, some analysts think that it may be a portfolio balancing exercise.
Although Amber announced that she was not affected by the FTX collapse in the first stage, her commercial capital 10% of FTX had to disclose that it was bankrupt. On the other hand, although a fund has been collected for now, the company made the following statements that they had to continue with its contraction policy:
Going forward, we will downsize our mass consumer efforts and non-essential businesses to focus on our core businesses and customers. These were not easy decisions and unfortunately we had to say goodbye to many of our excellent colleagues.
Amber Group has announced that it will reduce its workforce in the past weeks and stopped withdrawals He denied the allegations against him, but a few days later, going to decrease by 40% had explained. On top of these, according to the information reported by The Business Times yesterday, Amber, with a surprise move, Singaporean crypto money exchange Sparrow. incorporating the stock market decided to add.