Difference between revisions of "Amber Group"
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*Tiantian Kullander; co-founder, he [https://www.ambergroup.io/newsDetail?id=444&source=inTheNews passed away] unexpectedly in his sleep on Nov. 23, 2022. | *Tiantian Kullander; co-founder, he [https://www.ambergroup.io/newsDetail?id=444&source=inTheNews passed away] unexpectedly in his sleep on Nov. 23, 2022. | ||
*Laid off hundreds of employees in December after letting 30% to 40% of its staff go in September, 2022 [https://twitter.com/WuBlockchain/status/1600018582212988929 according] to Colin Wu, a reporter focused on crypto developments in Asia. Amber [https://thedefiant.io/amber-group-denies-insolvency-claims raised] $200M in March in a funding round that valued the company at $3B. Temasek, the Singaporean sovereign wealth fund with $300B in assets, led the round. | *Laid off hundreds of employees in December after letting 30% to 40% of its staff go in September, 2022 [https://twitter.com/WuBlockchain/status/1600018582212988929 according] to Colin Wu, a reporter focused on crypto developments in Asia. Amber [https://thedefiant.io/amber-group-denies-insolvency-claims raised] $200M in March in a funding round that valued the company at $3B. Temasek, the Singaporean sovereign wealth fund with $300B in assets, led the round. | ||
*Had <10% of trading capital [https://www.mollywhite.net/etc/ftx-contagion within] FTX (10-12-2022). | |||
*Owes around $130 million to troubled crypto lender Vauld's CEO Darshan Bathija ([https://www.theblock.co/post/193616/amber-group-vauld-ceo-counterparty1-a-130-million?utm_campaign=Delphi%20Daily&utm_medium=email&_hsmi=237345064&utm_content=237345064&utm_source=hs_email 9-12-2022]). | *Owes around $130 million to troubled crypto lender Vauld's CEO Darshan Bathija ([https://www.theblock.co/post/193616/amber-group-vauld-ceo-counterparty1-a-130-million?utm_campaign=Delphi%20Daily&utm_medium=email&_hsmi=237345064&utm_content=237345064&utm_source=hs_email 9-12-2022]). | ||
*Mentioned as a [https://www.bitdao.io/ partner] on the [[BitDAO (BIT)|BitDAO]] website (8-3-2022). | *Mentioned as a [https://www.bitdao.io/ partner] on the [[BitDAO (BIT)|BitDAO]] website (8-3-2022). | ||
Revision as of 07:45, 12 December 2022
Basics
Projects
KeeperDAO
"The KeeperDAO project was first revealed in December, as a joint effort between Amber Group and Talo Systems. Amber is Kullander's crypto trading and market-making firm, and Talo is a blockchain research firm run by Taiyang Zhang, who is also the CEO of DeFi protocol Ren. Kullander and Zhang jointly manage the KeeperDAO project."
TRON DAO
- It is one of the whitelisted institutions of the TRON DAO Reserve (TDR), which governs the overcollateralization of USDD (4-11-2022).
Investments
- From The Defiant (7-12-2022):
"Lookonchain said six wallets allegedly owned by Amber have only $9.46M in assets between them — Amber claims on its website to have over $5B “on its platform” and to be responsible for $1T of trading volume. Jason Choi, founder of Tangent, an angel investing collective, shared two additional wallets, bringing the value of Amber’s on-chain assets up to $11.1M.
Annabelle Huang, managing partner at Amber, denied the allegations. The company did not respond to an email requesting clarity on its financial position but put out a statement echoing Huang’s."
- MATH got $12M funding from Binance (17-12-2020). NGC Ventures, C6E (Capital6 Eagle) and Amber Group also co-led this round of funding.
- UMA. Took part in the Range Token raise for UMA of $2.66M (16-7-2021).
Team, Partners
- Annabelle Huang; managing partner
- Tiantian Kullander; co-founder, he passed away unexpectedly in his sleep on Nov. 23, 2022.
- Laid off hundreds of employees in December after letting 30% to 40% of its staff go in September, 2022 according to Colin Wu, a reporter focused on crypto developments in Asia. Amber raised $200M in March in a funding round that valued the company at $3B. Temasek, the Singaporean sovereign wealth fund with $300B in assets, led the round.
- Had <10% of trading capital within FTX (10-12-2022).
- Owes around $130 million to troubled crypto lender Vauld's CEO Darshan Bathija (9-12-2022).
- Mentioned as a partner on the BitDAO website (8-3-2022).
