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AMB Crypto
2022-11-17 12:30:58

Singapore-backed Temasek marks down $275M FTX investment to 0

Singapore-backed Temasek marks down $275M FTX investment to 0

Singapore-based Temasek Holdings Limited has announced that it will write off its $275 million investment into FTX and its associated companies. This, owing to recent developments and emerging doubts over its financial position. Temasek is a state-backed investment agency that invested $210 million in FTX International for a 1% stake and $65 million in FTX

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