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Singapore’s Temasek cuts staff compensation over FTX investment | The Malaysian Insight

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Singapore’s Temasek cuts staff compensation over FTX investment

Singapore’s state investment fund Temasek slashes compensation for the team and senior management responsible for its investment in collapsed cryptocurrency exchange FTX. – AFP pic, May 29, 2023.

SINGAPORE state investment fund Temasek said today it had slashed compensation for the team and senior management responsible for its investment in collapsed cryptocurrency exchange FTX. FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued at US$32 billion .

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