Amber Group is exiting expansion plans in the US and Europe to cut costs

According to The Block, Amber Group is withdrawing from its expansion plans in the United States and Europe in order to reduce expenses through the crypto winter, including Angie Beehler, head of US institutional sales, Cactus Raazi, US CEO and co-head of the Americas, and chief executive of the Middle East and North Africa. Executives including Dimitrios Kavvathas, managing director for Switzerland, Francesco Adiliberti, managing director for Switzerland, and Sophia Shluger, managing director for Europe, have left. Foresight News previously reported that people familiar with the matter revealed that Amber Group will terminate its sponsorship agreement with Chelsea and will lay off more than 300 people.