The key moments, with employee sentiment along the way.
2017
🌱
2017
Founded by ex-bank traders
A quant crypto trading desk that grows into one of Asia's biggest institutional digital-asset platforms.
Bloomberg
2021
🦄
2021
Joins the unicorn club
Backers including Tiger Global, Pantera and Coinbase Ventures put the platform past $1B; Temasek and Sequoia China join at the peak round.
The Block
Feb 2022
📈
Feb 2022
The peak: a $3B round$3B
The raise lands months before the deep 2022 crash.
Bloomberg
2022
2022
Crypto winter, then FTX
The 2022 crash hits trading volumes, FTX's collapse spreads contagion through Asia's desks, and Amber cuts staff.
Bloomberg
2022
💔
2022
Slips out of the club
A down round makes the markdown official.
The Block
2022–23
💬
From the inside · Glassdoor reviews, 2022–23
Glassdoor reviews from the crash era described the turbulence: repeated layoffs reviewers said often came with little warning, bonuses pared back as revenue fell, and a leadership team insiders felt had scaled too fast to settle on a strategy.
2023
2023
Sells the Japan unit to Sony
The breakup begins; Amber reorganizes around its wealth arm.
Bloomberg
2025
2025
The wealth arm lists on Nasdaq
Amber International Holding — the reorganized survivor — debuts as AMBR.
SEC filing
2026
2026
About $144M remains
The listed remnant trades at roughly one-twentieth of the 2022 peak.
The Block
Today
Today
Still in the club — and still trading
Live · AMBR · NasdaqGMas of 2026-09-17
$1.47▲ 45.54% today≈ $139M cap · −95.4% from peak
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
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.
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)
Founders
MW
Michael Wu
Co-founder & CEO
Now Founder CEO at Ambr (Nasdaq: AMBR) · LinkedIn ↗
TK
Tiantian Kullander
co-founder (died 2022)
No public profile matched
TH
Tony He
co-founder
No public profile matched
WH
Wayne Huo
co-founder
No public profile matched
LL
Luke Li
co-founder
No public profile matched
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
