PANews reported on July 1 that according to Wu Shuo, Sony Group, one of Japan's largest companies, has acquired Amber Japan for billions of yen. Singapore market maker Amber Group acquired Japan's regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan. Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a complete debt-for-equity transaction with Distributed. Amber Group investors include Temasek, Sequoia China, Pantera, Tiger, Coinbase, etc.
Yijin Li has resigned as Amber Japan's company representative, and Jun Watanabe, as chairman of Sony Network Communications Inc., will serve as the company representative after the acquisition.
