Future Tech

Singapore deputy pm: Temasek's FTX loss is being taken seriously

Tan KW
Publish date: Wed, 30 Nov 2022, 02:46 PM
Tan KW
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Future Tech

SINGAPORE - Singapore's Deputy Prime Minister Lawrence Wong said on Wednesday the city-state's sovereign wealth fund Temasek Holdings has initiated an internal review of its investment in the now-bankrupt FTX crypto exchange.

Temasek had invested about $275 million in FTX, a loss that was "disappointing" and was being taken seriously, Wong said.

 


  - Reuters

 

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