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

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

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