Temasek writes down $275 million investment in FTX

📆 17/11/2022 6:04:00
📰 TheBlock__

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Temasek, Singapore's sovereign wealth fund that manages some $300 billion, has written down hundreds of millions of dollars of investment in FTX to zero.

The shift in power will impact negotiations around new rules for digital assets, giving Republicans increased leverage in Congress to influence policy around stablecoins and oversight of crypto’s spot markets, as well as the ability to put more oversight pressure on regulators.

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I wanna see headlines on vcs getting fired for these bonkers investments

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