Amber Says ‘Business as Usual,’ Countering Distress Speculation

A top executive at Temasek-backed crypto firm Amber Group said it is “business as usual” after a blockchain data provider claimed in a tweet that the company “appears to be on the verge of bankruptcy.”

Responding to a person asking on Twitter whether their funds are safe, Amber Managing Partner Annabelle Huangsaid “It is.” She added: “If you have any concerns, withdrawals are open as usual.” Huang didn’t elaborate.

Amber Group’s verified Twitter account echoed Huang’s statement, saying the company and its WhaleFin app “are business as usual.”

“Weathering through market cycles, we have to constantly adjust and pivot ...