Like many of FTX's more than one million creditors, Singapore-based firm Temasek says it was left blindsided by the collapse of FTX.
"The thesis for our investment in FTX was to invest in a leading digital asset exchange providing us with protocol agnostic and market neutral exposure to crypto markets with a fee income model and no trading or balance sheet risk."
with crypto financial market service providers, and sought advice from external legal and cybersecurity specialists, with a legal and regulatory review undertaken for the investments. "We recognize that while our due diligence processes may mitigate certain risks, it is not practicable to eliminate all risks," the firm said.
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