"It does not mitigate the loss or reduce the pain by saying BlackRock or Softbank or Sequoia also invested in FTX," adds Ho, referring to the list of other renowned co-investors in the Bahamas-based entity.
Ho Ching, Temasek’s former CEO, concedes that the Singapore state investment company is feeling the pain after it was forced to write off its entire investment of US$275 million in crypto exchange FTX.
"A loss is a loss, and always painful. A loss in what may turn out to be a badly managed company without adult supervision is egg on our face," writes Ho in a Facebook post on Nov 26.
