HomeBusinessTemasek will completely write off its $275 million investment in the insolvent...

Temasek will completely write off its $275 million investment in the insolvent FTX.

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By lapaasindia
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  • Temasek Holdings said that it would write off the full value of its $275 million stake in the defunct FTX bitcoin exchange.
  • The Singaporean government investor followed in the footsteps of Sequoia Capital and SoftBank Group Corporation’s Vision Fund, which last week marked down their stakes to zero following FTX founder Sam Bankman-filing Fried’s for bankruptcy in the US.

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