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Singapore-owned Temasek holds internal review of $275 mn FTX-related loss
short by Purnima Rajput / on Wednesday, 30 November, 2022
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.
read more at Reuters