Following news that Temasek Holdings will write down over US$200 million ($274 million) into cryptocurrency firm FTX before its implosion, Singapore’s state investment agency stated on Nov 17, explaining its decision to put money into the crypto firm.
Quoteworthy: "Had I been a bit more concentrated on what I was doing, I would have been able to be more thorough." — FTX founder and former CEO Sam Bankman-Fried on failing to notice signs of trouble that caused the exchange to go bankrupt.
Temasek says it has no direct exposure in cryptocurrencies following FTX writedown
