Gate News reports that on March 20, Amber Group CEO Michael Wu stated in an interview with a media outlet that the collapse of FTX at the end of 2022 and the sudden departure of a co-founder were the biggest setbacks he has faced personally and in his entrepreneurial career. Wu shared that before these events, his life was relatively smooth. From late 2022 to early 2023, he focused on overcoming the challenges facing the company and successfully led Amber Group back on track. However, by the end of 2023, despite having resolved the issues, Wu found himself in a state of depression. This experience challenged his belief in a “linear upward trajectory” in life and provided him and the young company with a new perspective on resilience and recovery.
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