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.”

justinsuntron He lie trx withdrawel with trx not worked on 10.11.2022, the customers were forced to buy overpriced Tron at 0.33 cents to make the payout, but the deal didn't go through. He have to reverse the deal so people can get their original money back FTX SCBgov_bs

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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The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
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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
Source: TheBlock__ - 🏆 464. / 53 Read more »

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.
Source: CoinDesk - 🏆 291. / 63 Read more »