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.
