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Amber Group Pauses Expansion Plans Amidst FTX Contagion

Despite No Impact on Daily Operations

In the wake of the recent FTX collapse, cryptocurrency trading firm Amber Group has announced a temporary halt to its expansion plans. According to a senior executive, this decision was made as a precautionary measure in light of the ongoing market volatility.

No Disruption to Daily Operations

Despite the suspension of expansion plans, Amber Group emphasized that its daily operations remain unaffected. The firm has not experienced any liquidity issues or trading disruptions as a result of the FTX contagion.

Amber Group's decision to pause expansion reflects the cautious stance taken by many cryptocurrency companies in the aftermath of the FTX collapse. The company's priority is to ensure the safety and security of its clients' assets and to navigate the current market conditions responsibly.

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