Singapore-backed Temasek marks down $275M FTX investment to 0

Singapore-based Temasek Holdings Limited has announced that it will write off its $275 million investment into FTX and its associated companies. This, owing to recent developments and emerging doubts over its financial position.  Temasek is a state-backed investment agency that invested $210 million in FTX International for a 1% stake and $65 million in FTX […]