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Singapore’s Temasek writes down $275M investment in FTX  

By Editor - Wed Nov 16, 7:49 pm

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FTX’s investors are continuing to deal with the fallout from the cryptocurrency’s bankruptcy . In a statement today, Temasek, the investment firm owned by Singapore’s government, said it write down its full investment in FTX, “irrespective of the outcome of FTX’s bankruptcy protection filing.” Temasek invested $210 million USD in FTX international, giving it a minority stake of about 1%. It also invested $65 million for a minority stake of about 1.5% in FTX US, in two funding rounds from October 2021 to January 2022. The firm said the total cost of its investment was 0.09% of its net portfolio value of $403 billion SGD (about $293 billion USD).

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Singapore’s Temasek writes down $275M investment in FTX

  • Comments Off on Singapore’s Temasek writes down $275M investment in FTX

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