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Cryptocurrencies: 30306
Markets: 109957
Market Cap: $2,670,382,162,789     
24h Vol: $64,371,383,907
Bitcoinist 2022-11-18 07:00:58

Singapore’s Temasek Says Its $275 Million FTX Investment Is Now Worth Zero

Singapore’s Temasek Says Its $275 Million FTX Investment Is Now Worth Zero
Temasek, a Singapore-based global investment company possessing a portfolio that is worth $403 billion, is no longer interested in waiting for the outcome of FTX crypto exchange’s Chapter 11 bankruptcy filing. According to a statement released by the multinational conglomerate, it will “write down” its $275 million investment that is composed of a $210 million
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