- 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.