16
Dec
The deal has been announced on December 14, but some details had to be finalized. Now, Sparrow Holdings, a Singapore-based crypto company that offers a variety of products to its users, is officially a part of Amber Group that had to sort out some financial issues before committing to the deal. Amber Group had ties with FTX and invested about 10% of its trading capital in various FTX’s products. When the FTX collapse created a massive hole in their books, Amber Group pulled out from the deal to do some internal accounting and ensure that they can afford to acquisition.…