From $275 mn to $0: Temasek writes down its investment in FTX

Singapore state investor Temasek Holdings said it would write down the value of its entire investment of $275 million in collapsed cryptocurrency exchange FTX.

Temasek said it had invested $210 million for a minority stake of about 1% in FTX International, and $65 million for a minority stake of about 1.5% in FTX US, across two funding rounds from October 2021 to January 2022.

[Via]

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