Singapore’s Temasek Writes Off $275 Million Investment In Failed FTX Crypto Exchange

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Singapore state-owned investment firm Temasek said Thursday it has decided to write off its $275 million investment FTX, nearly a week after the cryptocurrency exchange filed for bankruptcy.

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Once among the world’s largest cryptocurrency exchanges, FTX is helmed by CEO Sam Bankman-Fried, whose net worth peaked at $26.5 billion last year, before plummeting to less than a billion dollars as the company struggled to raise funding to cover as much as $8 billion in shortfall amid massive withdrawals. The firm filed forlast week, burning at least 20 billionaires and several institutional investors including Temasek and Sequoia Capital.

 

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No one is asking for their money back strange...FTXScam

Stop lying.

bigger than nino brown

Writes off....straight to the Democratic Party. FFS....

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