Temasek Holdings says it currently has “no direct exposure in cryptocurrencies” beyond the equity in FTX, which it is writing off. Photo: Shutterstock
Temasek Holdings says it currently has “no direct exposure in cryptocurrencies” beyond the equity in FTX, which it is writing off. Photo: Shutterstock

Temasek writes off US$275 million stake in FTX as Singapore’s state investor cops fallout from crypto exchange’s blowout

  • Temasek had invested US$210 million in FTX International and US$65 million in FTX US from October last year to February this year
  • Both Sequoia Capital and SoftBank had earlier said they would write down their investment in the collapsed cryptocurrency exchange

Temasek Holdings says it currently has “no direct exposure in cryptocurrencies” beyond the equity in FTX, which it is writing off. Photo: Shutterstock
Temasek Holdings says it currently has “no direct exposure in cryptocurrencies” beyond the equity in FTX, which it is writing off. Photo: Shutterstock
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