Avoid – Bonuses Paid in Locked-Up HSK (Forced Monthly Sales), Low Salaries, Toxic Politics, High Turnover
Pros
- Some exposure to crypto/blockchain industry (though outdated vs. competitors). - A few hardworking colleagues (but most don’t stay long)
Cons
- Uncompetitive pay: Base salaries are far below market rate for crypto firms. - Bonus trap in HSK: All digital asset teams (HK/Singapore/China) receive bonuses in HSK coin, which is locked up and must be sold monthly to convert to USD—no protection from price drops (check T&Cs). Even if HSK crashes, you’re stuck with the loss. - Payout drag: Bonuses are paid over 12+ months, forcing employees to endure depreciation risk. - Chaotic management: Constant restructuring, territorial fights between HK/Singapore/business units, and zero focus on profitability. Leadership spends more time on internal power struggles than winning business. - Revolving door: High turnover due to frustration over pay, politics, and instability. - Brain Drain: The compensation scheme can’t retain competent people. Those who stay are trapped (visa issues) or utterly unqualified—piling extra work on the few who can actually function.
