On Thursday, Singapore’s Temasek published a precise account of its investment in failed crypto platform FTX. It is rare indeed to see a sovereign wealth vehicle bare its soul in such detail about an investment.
Temasek is one of several big names to have been caught up in the FTX collapse, among them Sequoia Capital, SoftBank’s Vision Fund and Ontario Teachers’ Pension Plan. Temasek today announced it would write down the entirety of its $275 million investment in FTX.
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