Bitcoinist November 18, 2022

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

What do you think about this article?

Share your reaction with the Cryptela community.

Get more Cryptela on Google

Add Cryptela as a preferred source for cryptocurrency news and analysis in eligible Google Search experiences.

Add preferred source

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

What do you think about this article?

Get more Cryptela on Google

More Crypto News

Chainlink partners with Hanwha for global RWA tokenization platform, LINK eyes $15.43

Hyperliquid burns $6.75 million in HYPE as price rebounds toward $98 resistance

Ripple executives spark debate with their 5-year outlook for XRP

Solana Foundation partners with Anchorpoint to launch HKDAP stablecoin in Hong Kong

Synthetix recovers $8.4 million SNX after Binance’s $6.3 billion hack

Polygon expands Open Money Stack to support Solana, targeting $2 trillion stablecoin volume