The lay-off will impact low-priority roles while the headcount in others will increase, the company’s co-founder said.
a $200 million Series B+ round at $3 billion in valuation, led by Temasek along with Sequoia China, Pantera Capital, and Tiger Global Management, while also seeing the participation of Coinbase Ventures, among others.
The company said it was planning to use the fund for expansion and strategic acquisition as well as other sustainable initiatives. Last year, Amber Group raised $100 in the Series B round. WhaleFin is the Amber Group’s digital asset platform for individual investors and traders, and it has recently signed sponsorship deals with Chelsea FC and Atletico de Madrid.Besides lay-offs, leading trading platforms such as FTX and CryptoCom have also pulled out of expensive sports sponsorship deals, apparently as part of austerity measures in the current crypto winter.
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