On Friday, Forbes published a list of FTX investors who have the most to lose if the company can’t be saved.
It says that Temasek has a one per cent stake in FTX and that its estimated amount invested is US$205 million .Forbes added that Temasek is FTX’s “ second-largest outside investor on the capitalization table, with 7 million shares. The $297 billion business, which owns big stakes in Singapore’s DBS Group and Singapore Airlines, invested in all three of FTX’s major funding rounds.”
“We are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as shareholder,” Temasek told Reuters in an email. Along with Temasek, other big FTX investors who have likely lost everything due to the company’s bankruptcy are SoftBank Group’s Vision Fund, Sequoia Capital, the Ontario Teachers’ Pension Plan,On Nov 9, Sequoia Capital wrote that its equity in FTX was at $0, for a loss of US$214 million , but assured investors that this represented only a small portion of its portfolio.