.Temasek is preparing to write off between $200 million and $300 million that it invested in bankrupt crypto exchange FTX_Official earlier this year, according to Bloomberg. By JamieCrawleyCD
It will remain to be seen to what extent having to write off $200 million to 300 million on the back of FTX's dramatic collapse will dampen Temasek's appetite for the digital assets industry. Temasek managed $294 billion in assets as of the end of March, according to Bloomberg.
FTX went from being one of the largest crypto exchanges in the world to being declared bankrupt in little over a week after irregularities in the balance of sheet of sister firm Alameda Research came to light following
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