Singapore government’s Temasek has written down its entire investment in the bankrupt cryptocurrency exchange FTX. crypto
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.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
Baca lebih lajut »
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.
Baca lebih lajut »
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.
Baca lebih lajut »
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.
Baca lebih lajut »
As FTX collapses, Temasek becomes latest backer to write down $275 mln fundingSingapore state investor Temasek Holdings said it would write down the value of its entire investment of $275 million in collapsed crypto currency exchange FTX, in the latest move by FTX's investors.
Baca lebih lajut »
No red flags at FTX despite 8 months of 'extensive due diligence' — TemasekDespite conducting eight months of due diligence in 2021, Temasek said it didn't pick up any indications of foul play at FTX, but has now admitted that trust in the crypto exchange may have been “misplaced.”
Baca lebih lajut »