Crypto trader Amber raises $300M as it seeks protection for FTX-hit customers

Amber Group, a Sequoia- and Temasek-backed crypto trading firm, has closed a hefty $300 million Series C funding round as the collapse of FTX shakes the crypto world.
The news, which the Singapore-based firm announced on Twitter Friday morning, follows on the heels of a Bloomberg report claiming that the crypto trader has ditched a Chelsea FC sponsorship deal and is axing 40% of its staff amid market turmoil.
Like other crypto trading firms, Amber was exposed to the FTX implosion. Less than 10% of its total trading capital was with FTX at the time of the collapse, the company said, “but

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