Singapore-owned Temasek holds internal review of $275 mn FTX-related loss

Singapore's Deputy PM Lawrence Wong has said that state-owned Temasek has initiated an internal review of its investment in the bankrupt crypto exchange FTX after write-down of $275 million. Temasek said it invested 0.09% of its net portfolio value of $293.97 billion in FTX as of March 31, 2022. "No amount of...monitoring can eliminate the risks altogether," Wong added.