Singapore Government's Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX – Featured Bitcoin News

Singapore Government's Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX

Our belief in the actions, judgment, and leadership of Sam Bankman-Fried … would appear to have been misplaced,” Temasek admitted.The Singapore government’s Temasek Holdings issued a statement regarding its investments in FTX Thursday after the cryptocurrency exchange filed forTemasek is a global investment company headquartered in Singapore with a portfolio valued at $403 billion Singapore dollars .

Temasek proceeded to explain that “Similar to all investments, we conducted an extensive due diligence process on FTX, which took approximately 8 months from February to October 2021.”

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Hope they didn't loose much of it

And just like that Poof it's gone!

Thankss a millon

How comee no onee is talkinnng about this

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Temasek writes down $275 million investment in FTXTemasek, Singapore's sovereign wealth fund that manages some $300 billion, has written down hundreds of millions of dollars of investment in FTX to zero. I wanna see headlines on vcs getting fired for these bonkers investments
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Temasek Says Its FTX Investment Is Now Worth ZeroThe Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange. Temasek FTX_Official thesamreynolds WOW Temasek FTX_Official thesamreynolds Smart move if they recoup anything it will be like winning lottery Temasek FTX_Official thesamreynolds some of the growing exchanges in singapore.
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