Temasek Slashes Investment For FTX Team

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Temasek Holdings, owned by Singapore’s Government, has taken steps to enforce collective accountability by reducing compensation for the team responsible for the failed investment in the FTX exchange. The decision reflects Temasek’s commitment to responsible management, as they recently wrote down their investment in FTX worth $275 million on November 17. Prior to the write-down, Temasek had been the third largest investor in FTX, constituting 0.09% of its $403 billion portfolio.