Amber Group
- 🦄Became a unicorn2021
- 📈Peak valuation$3 Billion ’22
- 💔Became a Unitard2022
- 💸Last valuation~$150M
How it happened
Amber Group was one of Asia's biggest crypto trading and digital-asset platforms, and at the 2021-22 peak it reached a $3B valuation backed by Temasek, Sequoia China and Coinbase Ventures. The crypto crash and FTX contagion hit hard: it cut staff, raised a down round and broke itself up, selling its Japan unit to Sony and reorganizing around its wealth arm, Amber International Holding, which listed on Nasdaq in 2025 before the shares fell to about $144M. Glassdoor reviews from the crash era describe the turbulence: repeated layoffs some said came with little warning, bonuses several reviewers reported being pared back as revenue fell, and a fast-scaled leadership insiders felt never settled on a strategy.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: Bloomberg / The Block / SEC 20-F (institutional crypto trading and digital-asset platform backed by Temasek, Sequoia China, Tiger Global, Pantera and Coinbase Ventures; peaked at a $3B valuation in a Feb 2022 round; battered by the 2022 crypto crash and FTX contagion it cut staff, raised a down round and broke itself up — selling its Japan unit to Sony — with the surviving wealth arm Amber International Holding listing on Nasdaq in 2025 and now worth about $144M)
